Appearing at CES 2023 this week, PlayStation boss Jim Ryan said the PlayStation 5 shortage is effectively over. People should have a "much easier time" finding a console at their local shops around the world, Ryan said on stage.

He said, "Everyone who wants a PS5 should have a much easier time finding one at retailers globally, starting from this point forward."

The PS5 launched in November 2020 and it quickly became very difficult to find, due in part to the global semiconductor shortage and other supply chain and logistics issues. For what it's worth, Microsoft had Xbox shortage issues, too, as did Nintendo with the Switch to an extent.