XBOX SHORTAGES

Microsoft has mentioned that Xbox Series X|S consoles are still in short supply. The supply of consoles should improve in the new year as manufacturing catches up with demand. For Halo Infinite’s first Halo Championship Series, the company has had to resort to using dev kits – that is, special consoles given to developers to test games during development – as it cannot source enough retail versions.

The shortage has affected PC graphics cards, as well as supplies for consoles, as the pandemic caused a surge in PC and console sales with so many working from home. New console releases by all three major companies also contributed to increased demand. Both Sony and Microsoft have lamented the current global supply chain and manufacturing problem, acknowledging frustration from those who are struggling to buy a new console. Supplies usually are better in the new year as manufacturing continues with reduced demand. It is the seasonal effects that can lead to shortages.

COVID-19 omicron continues to dominate news. Jim Cramer (CNBC) who has been immunized three times managed to become infected but his case in comparable mild while his wife is slightly sicker. Immunization specifically for delta and omicron is desperately needed but manufactures cannot have new products ready for a few months to come. COVID-19 has kept many working at home driving console sales.

The stock market is also in panic over the spread of new cases leading to new restrictions mostly in the EU. Some fear to a return to stagflation last seen in the 1970s following the two oil shocks that disrupted the economy and forced some changes that were largely misguided. President Biden’s Build Back Better plan has struggled to get the votes needed. Sen. Joe Manchin, a conservative Democrat from West Virginia said he would not support the bill. The Democrats’ plan to increase the federal deduction for state and local taxes, known as SALT, may be in peril as Build Back Better stalls.