According to recent reports, the PS5 availability issue is expected to be resolved sooner than initially expected. More than two years have passed since the console first launched, and the PS5 is still difficult to find on store shelves due to the high demand and lack of supply.The PS5 availability problems are caused by several reasons, but the main one appears to be a lack of parts. The global chip shortage is the primary factor, as semiconductors are in high demand for a variety of industries beyond gaming. Other causes include the pandemic, which has disrupted supply chains, and the high demand for the console itself has made it difficult for manufacturers to keep up with production.RELATED: Rumor: Sony Releasing PS5 Console With Surprising New FeatureNow, it appears that the PS5 stock issues are finally coming to an end. While speaking at PlayStation Partner Awards through a video call, PlayStation head Jim Ryan apologized for the supply issues and stated that Sony has successfully resolved all of them. He also added that customers in Japan and Asia will be able to get their PS5 supply from the year-end shopping season and into 2023.

Surely this is a welcome development, however, it's worth noting that Ryan didn't mention if the issue has been resolved worldwide. This may be due to the fact that PS5 stock issues are still a problem in other parts of the world, and Ryan may not want to give false hope to people who are still waiting for the PS5. It is also safe to say that Sony is aiming to have enough stock of the PlayStation 5 available for the upcoming Holiday season in Japan and Asia.

Ryan's statement is just one of many reports that suggest PS5 stock issues are improving; other news includes Sony ramping up production speed and PS5s being spotted in Walmart stores. Another report has suggested that Sony is looking to ship 30 million PS5 consoles by March 2024. Based on these factors, it can be inferred that gamers won't face any trouble getting their hands on a PS5 from next year.

Despite Sony's recent price hike for the PS5 in several regions, consumer demand for the console remains high. In fact, it seems to have only made people want the console even more. This is likely due to the fact that the PS5 is one of the most powerful consoles on the market, and has a number of features that make it stand out from the competition.

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Source: PlayStation Blog (via Push Square)