The global chip shortage which began in 2020 impacted industries from car manufacturing to credit cards. Customers were frustrated at month-long waits for the PS5, with some queueing outside shops overnight, and others paying resellers sky-high prices. In the video game sector all the major companies were affected by the chip shortage, and in 2022 scalpers were selling the PS5 at twice its retail price – despite this, the console increased in price by £30 in stores. The shortages steadily resolved through 2023, and Sony said its supply chain is now completely fixed worldwide. Do you think that the prices will come down ?
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