In spite of the ongoing COVID-19 pandemic, AMD, the makers behind the chipset going into the PlayStation 5 and Xbox Series X, have confirmed today that they will be increasing production to try and meet the heavy Holiday release demands.
This news comes from their recent earning reporting (transcripted provided by Yahoo) where the company reported an impressive ($1.79 billion) first-quarter earning. The company expects to see this growth continue one throughout the second quarter of this year, though it’s the latter half of the year they’re hoping to lean on as both Microsoft and Sony plan on releasing their next-gen consoles.
We expect semi-custom revenue to increase in the second quarter and be heavily weighted towards the second half of the year as we ramp production to support the holiday launches of the new PlayStation 5 and Xbox Series X consoles.
Many had speculated that COVID-19 would play a major role in both companies manufacturing operations, and that may still, in fact, be true, however, judging from this announcement, both are still pushing for this Holiday release. It is definitely encouraging hearing this from AMD.
The PlayStation 5 and the Xbox Series X will be released sometime this Holiday season. We should have more news on the next-gen consoles in the coming months as both companies are set to have a number of gaming events, with Microsoft airing one later this week.