<p>Sony Interactive Entertainment on Wednesday said that PlayStation 5 has become the company's hottest selling video game console, with demand outpacing supply.</p>.<p>More than 10 million PS5 consoles have been snapped up around the world since they hit the market in November, according to Sony's gaming unit.</p>.<p>"While PS5 has reached more households faster than any of our previous consoles, we still have a lot of work ahead of us as demand for PS5 continues to outstrip supply," SIE chief Jim Ryan said in a release.</p>.<p>"I want gamers to know that while we continue to face unique challenges throughout the world that affect our industry and many others, improving inventory levels remains a top priority for SIE."</p>.<p>A computer chip shortage has hobbled production of a wide range of goods, from cars to computers.</p>.<p>Meanwhile, the video game industry has seen booming growth during the pandemic as people turn to the internet for entertainment given limits to real-world activities.</p>.<p>Spending on video games in the United States reached $28.9 billion in the first half of this year, an increase of 15 percent from the same period in 2020, according to industry tracker NPD Group.</p>.<p>The amount of money spent on video game hardware in the US in June alone more than double from the same month a year earlier to $401 million, NPD reported.</p>.<p>"PlayStation 5 remains the fastest unit selling console hardware platform in US history," NPD said.</p>
<p>Sony Interactive Entertainment on Wednesday said that PlayStation 5 has become the company's hottest selling video game console, with demand outpacing supply.</p>.<p>More than 10 million PS5 consoles have been snapped up around the world since they hit the market in November, according to Sony's gaming unit.</p>.<p>"While PS5 has reached more households faster than any of our previous consoles, we still have a lot of work ahead of us as demand for PS5 continues to outstrip supply," SIE chief Jim Ryan said in a release.</p>.<p>"I want gamers to know that while we continue to face unique challenges throughout the world that affect our industry and many others, improving inventory levels remains a top priority for SIE."</p>.<p>A computer chip shortage has hobbled production of a wide range of goods, from cars to computers.</p>.<p>Meanwhile, the video game industry has seen booming growth during the pandemic as people turn to the internet for entertainment given limits to real-world activities.</p>.<p>Spending on video games in the United States reached $28.9 billion in the first half of this year, an increase of 15 percent from the same period in 2020, according to industry tracker NPD Group.</p>.<p>The amount of money spent on video game hardware in the US in June alone more than double from the same month a year earlier to $401 million, NPD reported.</p>.<p>"PlayStation 5 remains the fastest unit selling console hardware platform in US history," NPD said.</p>