Sony CEO Confirms PS5s Are Gone: "Absolutely Everything Is Sold"

BY Erika Marie 33.2K Views
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Playstation, PS5, Sold Out, Walmart, For Sale
Walmart may be pulling out a few they have in the vault in the coming days.

If you thought that Sony would restock PS5s in time for their post-Thanksgiving Black Friday sale, think again. The game consoles have been in high demand since their release, selling out almost immediately after they were available for purchase. Thousands of people have taken to social media to lament about not being able to find PS5s at any retail locations online or in-store, and according to Sony Interactive Entertainment CEO Jim Ryan, what's been sold is all they had in stock.

Ryan reportedly gave an update about PS5s with the Russian news outlet TASS. “Everything is sold. Absolutely everything is sold,” Ryan said. “I’ve spent much of the last year trying to be sure that we can generate enough demand for the product. And now in terms of my executive bandwidth, I’m spending a lot more time on trying to increase supply to meet that demand.”

Like many other companies, Ryan explained that the COVID-19 pandemic made it particularly difficult to navigate production considering that factories located in Asia were closed. It was "challenging from the production side," said Ryan. “I wouldn’t plan on doing another big console launch in the midst of a global pandemic,” he said. “And I wouldn’t recommend it to anybody else.”

There may be a small glimmer of hope as Walmart reportedly shared that they have a select number of PS5s that will be available for purchase in the coming days, but those who can't snag one of those units will have to turn to auction sites where some PlayStations have bids that have reached into thousands of dollars.

[via]


About The Author
Since 2019, Erika Marie has worked as a journalist for HotNewHipHop, covering music, film, television, art, fashion, politics, and all things regarding entertainment. With 20 years in the industry under her belt, Erika Marie moved from a writer on the graveyard shift at HNHH to becoming a Features Editor, highlighting long-form content and interviews with some of Hip Hop’s biggest stars. She has had the pleasure of sitting down with artists and personalities like DJ Jazzy Jeff, Salt ’N Pepa, Nick Cannon, Rah Digga, Rakim, Rapsody, Ari Lennox, Jacquees, Roxanne Shante, Yo-Yo, Sean Paul, Raven Symoné, Queen Naija, Ryan Destiny, DreamDoll, DaniLeigh, Sean Kingston, Reginae Carter, Jason Lee, Kamaiyah, Rome Flynn, Zonnique, Fantasia, and Just Blaze—just to name a few. In addition to one-on-one chats with influential public figures, Erika Marie also covers content connected to the culture. She’s attended and covered the BET Awards as well as private listening parties, the Rolling Loud festival, and other events that emphasize established and rising talents. Detroit-born and Long Beach (CA)-raised, Erika Marie has eclectic music taste that often helps direct the interests she focuses on here at HNHH. She finds it necessary to report on cultural conversations with respect and honor those on the mic and the hardworking teams that help get them there. Moreover, as an advocate for women, Erika Marie pays particular attention to the impact of femcees. She sits down with rising rappers for HNHH—like Big Jade, Kali, Rubi Rose, Armani Caesar, Amy Luciani, and Omerettà—to gain their perspectives on a fast-paced industry.