Smyths is the latest retailer to restock the PS5, beginning with a small stock drop on the morning of March 18.
Don’t worry if you missed out this morning, however, because Smyths is expected to put more consoles on sale throughout the day.
That’s according to the PS5 UK Stock Alerts account, which points out that Smyths tends to release stock in batches.
“Was quite limited stock, now out of stock.. Keep an eye on their site because they do tend to release in batches throughout the day, we hope this is the case today.”
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Fortunately, even more PS5 stock drops are expected to take place in the month of March, including another huge restock at GAME.
“If you didnt manage to get one, don’t worry,” reads a PS5 UK Stock – Instant Updates tweet. “We still have the Smyths drop later half this week. Also several stores such as GAME are receiving stock next week! Expect next Amazon drop to be 1st week April.”
This has led to prices dropping on the second-hand market, including places like eBay and CEX.
Indeed, UK retailer CEX – which was previously criticised for selling the console at hugely inflated prices – has reduced the PS5 to £650. That’s compared to the £800+ price tag from just a few weeks prior.
Prices on eBay are also dropping. Disc-free PS5 consoles are now selling for around £550, while disc-based consoles are starting to average out at around £650.
It’s a far cry from Christmas, when PlayStation 5 consoles were routinely listed for more than £900.
The drop in second hand prices may also put scalpers off buying so many consoles in the future, which means more availability when retailers like Amazon, GAME and Smyths restock the device.
Sony has also been working hard to address component shortages and manufacturing issues with the PlayStation 5.
The COVID-19 vaccine rollout and relaxing of lockdown rules and restrictions should make it easier to manufacture and ship consoles in the coming months.
It will be interesting to see if there are more shortages at Christmas, or if Sony will have finally managed to catch up with demand.