Demand for the Xbox One and PlayStation 4 video game consoles is outpacing supply.
Trying to get that last-minute Xbox One or PlayStation 4 before Santa visits your chimney? Good luck.
The new video game consoles are in short supply, as Microsoft (MSFT, Fortune 500)and Sony SNE) can't seem to make the gadgets fast enough to meet consumer demand. Calls to several retailers revealed no or few Xboxes and PS4's in stock. The Microsoft Store in New York had one Xbox One left at 10 a.m. on Christmas Eve.
Forced to wait in long lines or hunt around at multiple stores to find a console, many consumers have grown agitated. Some have even taken to social networks, claiming that the companies have purposefully limited supply to create artificial demand for their video game systems.Part of the reason behind the bare store shelves is that video game lovers have been waiting a long time for an update -- the Xbox 360 debuted in 2005 and the PlayStation 3 launched in 2006. Nintendo also released its first console update in six years in November 2012, but sales of the Wii U have been tepid at best.
Via: CNN
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