US console market hasn't been "in a more precarious position since the early 80s," analyst says as PS5 and Xbox Series X price soar to all-time highs
An industry analyst states the US console market is in its most precarious position since the early 1980s due to soaring prices for the PlayStation 5 and Xbox Series X, driven by RAM shortages and tariffs. Sales for both Sony and Microsoft have significantly declined year-to-date, reaching all-time lows for Xbox hardware unit sales. While the upcoming release of Grand Theft Auto VI might offer some relief, component availability and pricing remain significant concerns.
- Entities
- Topic: Component Shortage
- Company: Microsoft
- Company: Sony
- Platform: Nintendo Switch
- Game: Grand Theft Auto VI
- Person: Mat Piscatella
- Platform: PlayStation 5
- Platform: Xbox Series X
- Company: Nintendo
- Topic: Hardware Pricing
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