PlayStation 5 (PS5) console was finally launched in key markets on Thursday even though sales were limited to pre-order pick-ups due to the COVID-19 pandemic that has driven a boom in gaming demand.
Sony made the launch sales online only to maintain social distancing, calling for consumers to “be safe, stay home, and place your order online”. As a result of this, the PS5 sold out hours after launch as fans rushed to place their orders.
The next-generation console, which retails for $500 or $400 without a disk-drive, was sold out on major retailing sites in Japan with some conducting lotteries to distribute limited stock.
Increased demand for the PS5, which offers cutting-edge graphics, faster load times, and a new controller with immersive feedback, has been exacerbated by the pandemic, which has seen consumers flock to gaming but has strained supply chains.
- MPower Ventures Secures $2.7m to Expand Solar Solutions Across Africa - 03/18/2025
- Gozem Raises $30m for Vehicle Financing and Digital Banking - 02/27/2025
- HOSTAFRICA Acquires of GO54 - 01/30/2025
