The PlayStation 5 is a hot commodity right now. It's been in high demand and low supply since its launch in November of last year, with complications caused by COVID-19 making it difficult to produce enough consoles. Unfortunately, Sony doesn't expect things to improve all that much in the foreseeable future.
In a report from Bloomberg, the company commented on the short supply of PS5s, suggesting that it isn't going to get much easier to buy one for a while. Chief Financial Officer Hiroki Totoki reportedly said he doesn't think "demand is calming down this year", and that even if they could produce more consoles in 2022, "our supply wouldn’t be able to catch up with demand". In other words, PS5 stock will probably remain low through next year, due to persistently high demand as well as component shortages.
Totoki adds that the platform holder has sold "more than 100 million units of the PlayStation 4", and that demand for PS5 won't drop easily "considering our market share and reputation".
Unfortunately, PS5's stock shortage isn't a new story; the company has been telling us not to expect much improvement for months now, and it really does sound like it's going to be this way for some time yet. Despite Sony's struggles to manufacture enough PS5s, the console is doing very well for itself, selling 7.8 million units within its first few months — beating out PS4's sales in a similar time frame.