Playstation 5 (PS5) sales have surpassed 10 million units globally making it the fastest selling console in history.
The console, which launched in November last year, has beaten its predecessor the PS4 despite global chip shortage issues hampering production.
Global microchip shortages have meant the number of consoles Sony has been able to produce has fallen miles short of matching demand, meaning it remains strongly sought after across the globe.
The console shortage has been exacerbated by scalpers who have used bot software to secure large numbers of the console before hoarding them and hiking up the price on online marketplaces such as Ebay.
READ MORE: Sony: PS5 shortages to continue into next year
“I can’t express enough the deep gratitude we feel for our passionate community of PlayStation fans who have embraced PS5, and the world-class development and publishing partners who bring such incredible gaming experiences to our platforms,” Sony Interactive Entertainment (SIE) chief executive Jim Ryan said.
“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.
“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.”
Sales of the console are likely to keep climbing in the wake of highly anticipated title releases including EA’s Battlefield 2042, the latest instalment of the popular exclusive God of War and Ubisoft’s Far Cry 6 in the coming months.