The release of the Xbox Series X, Xbox Series S and PlayStation 5 has seen plenty of stock shortages over the past few weeks, and scalpers have taken this opportunity to resell the systems at highly inflated prices online.
Of course, reselling consoles at overly high prices isn't worth the time and effort unless people are actually willing to buy them, and according to an analysis by The Verge, that's exactly what's happening on eBay.
In a report, the outlet explained that it averaged the actual final sale price of a thousand Xbox Series X and S consoles on eBay to arrive at a average "street price", while also subtracting "a few sketchy outliers". Here are the results:
- Xbox Series X (retails for $499) - $835
- Xbox Series S (retails for $299) - $471
The report also noted that the PlayStation 5 was selling at over $1000 on the website, and that adding extra games, controllers or accessories wasn't even necessary in order to attract buyers at these prices.
Of course, the sad news to take away from this is that scalping practices on eBay aren't likely to go away anytime soon while people are still willing to pay over the odds. Microsoft has told fans it's doing everything it can in order to build more Xbox Series X consoles, so hopefully the stock situation will pick up sooner rather than later.
Are you surprised by these figures? Give us your thoughts on this story in the comments below.
[source theverge.com]
Comments 21
Don't feed the scalpers, they're cretins. It's unfortunate that people don't follow this advice, though. Lol
Its crazy the prices people are paying for these and quite frankly neither are worth it, certainly in the here and now when the games simply don't exist. Seriously just wait until these are readily available and hopefully they'll have some games to go with them as well
I dare bet most people getting these consoles from scalpers are not trying to buy them for themselves but for loved ones.
A child, or a significant other, are much stronger buying factors.
I would "never" buy from a scalper, but I did pay 4x the price of a Nintendo NES classic when they were scarce because my partner really wanted one and I wanted them to have it for their birthday, for example.
Christmas being around the corner will likely make many do similarly foolish things.
Idiots. Continue ruining it for the rest of us: continue to pay these prices, and scalpers will continue their assault on any online-only stock available/selling for a high price.
Dear Sony and Microsoft: building more consoles isn't going to help if these consoles are only going to be sold online only as the vast majority of those consoles are going to get sucked up by bots.
I get it: COVID, but it's time to let people decide for themselves how they want to get these consoles. I have no problems wearing a mask, keeping away from people, and walking into a Target if it means I can skim past the electronics section to see if stock is available.
Come on people dont buy from scalpers. Just wait it out. Let them sit on their stock and nab a Series X|S a year from now for $100 less.
I went to GAME to see if they had any Series S's, left with my back-up plan of a Switch Lite and Super Mario Maker 2. Still have enough for an S. Waiting it out with my switch and retro NES/SNES games I can play with one year online subscription (£17.99, bargain). Plus I just bought Super Mario Sunshine/N64/Galaxy collection today. F scalpers.
The only way this will stop is if people just stop buying from scalpers, but that’s never going to happen.
So this is just the way it is, be smart and don’t waste extra money on a console which should be easily obtainable in 6 months time.
People are idiots. As others have said, the only way to stop scalpers is to not buy from them. None of these consoles are worth those prices.
And who doesn’t have a backlog of games to play these days? Patience is a virtue that not many people have.
I hate scalpers with a passion..
Wonder i f Sony and MS are thinking that they should have sold at a higher price from the start. They would have still sold out and the money would have gone back into gaming directly instead of scalpers pockets?
Also wonder if that is one solution long term. Release a scaled pricing - start higher then bring down over time so the demand is initially less and is maintained based on the pricing.
@carlos82 sad truth while there are no games really specific exclsuves to the next gen yet, alot of the older gamers are being updated to take advantage of some of the features on series X, my internal drive is almost full with Series x games and i have only bought two games since its launch.
Clowns pay more than retail for something
If people refused to pay over inflated prices for these, then there wouldn't be scalpers! I keep hearing how its MS's, Sony's or even retailers fault that Scalpers have managed to get these consoles to sell at ridiculous prices - but the reality is that its the people who will pay those prices.
Those people drive Scalpers to get stock to make a quick profit. When MS/Sony manage to get a steady supply of stock, those scalpers will not be able to sell at more than retail. The more they keep buying at those prices, the more determined Scalpers will be to buy up more stock as soon as more come in. Its a circle that can easily be broken by refusing to buy above retail pricing, waiting until you can get one at retail rather than helping scalpers and making them determined to get as many consoles as they can to sell at a profit.
Its peoples obsession with getting hold of these items at any price that create the problem of Scalping. If people refuse to pay, the Scalpers will either have to drop their price, and maybe even lower than retail when retailers have enough stock to meet demand, or be left with consoles they have no intention of using. Buying from a retailer also gives you some protection too - some warranty.
If anyone is to 'blame', its the people that are willing to pay scalpers and thus create the problem. They make those opportunistic people buy up as many consoles as they can to sell at a big profit! They create and feed the problem!!
@Blessed_Koz I am in the same position - only bought 1 game (Valhalla) with another (Cyberpunk) to come but have MANY games to play and a number of those look and/or play so much better on Series X than they did on my XB1X. Yes I could play both games on XB1X, but I doubt they would play and/or look as good.
I know 'graphics' are not necessarily the most important, but playing games at higher frame rates with lower input lag is much better, more enjoyable. Visuals are 'important' as they can immerse you into the world more - less pop-in or other issues that take you out of the moment!
@Medic_Alert What you said! There’s no need to release consoles right before Christmas because people would still be buying them anyways. I believe Nintendo Switch released in March and they were still selling like hot cakes for that Christmas.
@Kefka2589 that's shocking advice, £900 just to play games we already have access to but a bit prettier
I still have not managed to find a Series X.. but I sure am not paying over retail. That means I get to wistfully think about how much better Mafia DE will look someday on my new Xbox.
@Blessed_Koz I ended up with the PS5 as it was the only one I was able to preorder but I've already sold it. It was never my intention to do so but after getting the platinum on Miles Morales in just 13 hours (including 2 entire playthroughs), I basically had nothing to play for months. I already owned Cyberpunk on Xbox through buying the limited edition One X so didn't see the point in buying it again for PS5 when I want a Series X at some point anyway. I kept the money it would cost me for a Series X and spent the difference on my retro gaming setup.
The reality is the biggest difference at the moment is just playing a few of the same games at higher framerates, which is nice but certainly not worth more than the retail cost of these
As has been said, it's stupid to pay over RRP for anything. The only thing I miss about the series X is the faster load times. Though is that worth paying £450 for? Nevermind £700+!
In my country series S is still in stock. Nobody wants it
Easy answer to bots and scalpers, open up infinite orders on the MS direct store. Limit purchase to 1 per person, IP address and mailing address. Fill all the orders as they arrive.
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