As most of you probably know,, there is a shortage of next-gen consoles, and those consoles that can be found are being scalped which is where people buy them and mark the price up. The reason for the shortage is the global graphics chip shortage needed for the PS5, X-box series X, and the graphics cards that PCs need to run. The shortages are most likely to last until late 2022 and maybe even until 2023.

The reason that there is a chip shortage is because COVID’s impact in Asia, specifically where most chips are made. Another reason is that the number of people that are staying home during these times and are trying new things or are trying to get back into gaming; The shortage of workers in the industry for making chips and the higher demand for products is leading to a significant shortage.