PlayStation CEO Jim Ryan is expecting supply issues for the PS5 to end by 2024. The console started strong in 2021, quickly outselling the PS4 and going on to beat Nintendo, but it has struggled with sales targets due to supply restraints. A recent earnings revealed that PS5 missed its sales goal by 3.3 million units. Sony is now working on sourcing from multiple suppliers and improving logistical options to meet demands. Sales for the PS5 will close the gap by 2023, but it is not expected to be at full production levels until its fourth year of release.
