Here's How Surging PlayStation 5 Sales Can Make You Rich

Sony's (NYSE: SONY) latest PlayStation 5 (PS5) has been a big hit among consumers since it went on sale in November 2020, becoming the fastest-selling new console in U.S. history. The company shipped 7.8 million units of the device by the end of March 2021, outpacing the initial shipments of the 7.6 million PlayStation 4 units sold over a similar time frame back in March 2014.

It is worth noting that Sony has achieved this feat despite the PS5 being in short supply. Sony had moved 4.5 million units of the PS5 in the last two months of 2020, but that figure fell to 3.3 million units in the January-March quarter as the company was unable to make enough consoles to meet demand. Sony expects PS5 supplies to remain tight until 2022 thanks to massive demand, which it may not be able to meet despite ramping up production.

All of this bodes well for Advanced Micro Devices (NASDAQ: AMD), whose chips power the heart of the PS5. Let's see how.

Continue reading

Source Fool.com