Microsoft Xbox Series X and Series S consoles are projected to be in short supply until at least April next year.
The overwhelming number of pre-orders resulted in a limited supply of consoles available on launch day and even some early buyers will need to wait until after the holidays for their pre-orders to be fulfilled.
"I think we will continue to see supply shortages as we head into the post-holiday quarter," Xbox CFO Tim Stuart said at the Jefferies Interactive Entertainment conference on Monday.
"We are gonna have more demand than we do supply, and I will apologize in advance to people for that. I think we are gonna live in that world for a few months that we're going to have a lot more demand than we do supply," he said.
Interestingly, Xbox chief Phil Spencer tried to set expectations about short supply at the end of October.
The Xbox Series X and S supply situation could turn around early next year.
Just prior to last week's launch, Amazon sent out a wave of emails warning customers who pre-ordered Xbox Series X that they might not receive the console before Christmas.
Microsoft also announced the release of Xbox Series X and S as its biggest Xbox launch ever, though not provided any specific sales figures.
The Xbox Series X and Series S went on sale on November 10 internationally. Despite launching the middle of a global pandemic, Xbox has beaten all previous console launch records with its new systems.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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