Why is there a shortage of Xbox?

Why is there a shortage of Xbox? As per VGC, the main reason for the shortage has been a global chip shortage that shows no sign of abating; it appears to have started with the ongoing effect of the COVID-19 pandemic. Stuart has said that a number of issues are facing the supply chain, including part shortages.

As per VGC, the main reason for the shortage has been a global chip shortage that shows no sign of abating; it appears to have started with the ongoing effect of the COVID-19 pandemic. Stuart has said that a number of issues are facing the supply chain, including part shortages.