Sony CFO Hiroki Totoki has recently said that the shortage of PS5 consoles will likely continue due to the demand even if they manage to boost their current output of the supply.

"I don't think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PS5 next year, our supply wouldn't be able to catch up with demand," Totoki told investors, Bloomberg said.

"We have sold more than 100m units of the PlayStation 4 and considering our market share and reputation, I can't imagine demand dropping easily," he added.

On a more positive note, Sony recently confirmed they've sold 7.8m PS5 consoles during its last financial year to 31st March. It hopes to sell at least 14.8m during the current financial year

I'm personally own a PS5 and I don't think it's currently worth rushing out and buying but I think that'll change with the launch of Ratchet And Clank: Rift Apart.