Sony PS5 Sales Momentum Kicked Off As Supply Chain Crisis Loses Steam

Sony Group Corp's (NYSE:SONY) PlayStation 5 drove a 45% spurt in U.S. games hardware sales to $1.3 billion in November, according to the NPD Group.
The performance reflected improving PlayStation 5 supply, Bloomberg reports.
NPD analyst Mat Piscatella said, "PlayStation 5 was November's best-selling hardware platform in both unit and dollar sales, while Nintendo Switch ranked 2nd across both measures."
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In Japan, the company's in-demand console can now be purchased with fewer preconditions from retailers, while second-hand outlets are offering less to resellers.
In November, Sony said that PlayStation 5 console crisis eased as Covid-related chip and logistics snarls ended.
Sony assembled machines at a faster rate than it had planned and looked to make more toward the year-end shopping season, CFO Hiroki Totoki said at its earnings call.
Supply of the PS5 chronically lagged in demand since its launch two years ago, and its availability is normalizing.
Some Japanese retailers processed orders and purchases of the console without requiring a store-issued credit card.
Japanese electronics resellers Noah Shop reduced the amount it offers for second-hand PS5 models to 72,000 yen ($526).
Price Action: SONY shares closed lower by 0.24% at $80.19 on Monday.