November 21st, 2006
Galley Reader P.G. writes in about the speculators who were lining up to buy PS3’s:
Don’t buy the hype; PS3s are not going to $2K+ on eBay. I checked this morning and found that the average PS3 is going for $1,000-$1250 with a game. So demand must be high right? WRONG! The Xbox 360 was going for $1500 for weeks after it was released, and that was for the $400 model and a game. I found some PS3s going for $900 without a game on eBay, kinda sad. So evenly with the insanely low supply and all the hype, the average resale/eBay markup is 50-100%, a far cry from the markup of the Xbox 360 which was 250-400%
I think by the end of the decade the PS3 will go down as one of the biggest marketing disasters of the decade.
Galley Brother B.J. notes that the PS3 list on eBay has already seen the average price drop to around $1,000.
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