Nearly a week after Microsoft released the new Xbox S and X-Series consoles in time for the holiday shopping season, the gaming unit’s CFO has put a shock absorber on those who want to launch one soon.
“I think we’ll continue to see supply shortages as we move into the post-holiday quarter, so Microsoft’s Q3, Q1 calendar,” Xbox CFO Tim Stewart told the Jefferies Interactive Entertainment Virtual Conference on Monday.
Stewart, who joined Microsoft in 2002, added that supply and demand would begin to converge outside the holiday shopping window. “We’re going to have a change in supply over the next, what, 4, 5, 6 months. And that’s when I expect to really see this search profile start running, which will be really, really great.”
Microsoft released the Xbox Series X for $ 499 and the Series S (for $ 299) on November 10, both of which sold out at major retailers.
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Best Buy and Walmart said they would have X-Series consoles during their Black Friday sales, but no retailer has publicly announced how many they will have.
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Shares of Microsoft were lower on Tuesday, falling 0.56% to $ 216.02, in line with a wider sell-off in the market.
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