Launching a video game console is no easy task. The craze is such that it creates a number of concerns. PS5 and Xbox Series launches were no exception to this rule.
Sony and Microsoft are two giants of the tech , they have rather colossal customer bases and this in many sectors of activity. The PlayStation and Xbox brands also have an impressive number of fans. Every new console launch triggers huge moves. This is a good thing and it also brings its share of problems .
PS5 and Xbox Series scalpers have won huge amounts of money
With the popularity of the PlayStation and Xbox brands, it is ultimately not surprising to see what happened with the launch of the PS5 and Xbox Series. As soon as the sales opened, there was a rush. A global rush, with sales platforms totally overwhelmed. Especially since physical store sales were impossible because of the Covid-19 pandemic. And in the face of this huge demand, Sony and Microsoft have logically been unable to respond favorably, resulting in temporary shortages.
Some $ 50 million on eBay alone
And this situation of scarcity, of difficulty in obtaining consoles has allowed some people to get rich. They are called scalpers. They buy consoles, a lot of consoles, most often through bots programmed to place orders with resellers, and resell them at very high prices, sometimes well over double the price normally charged. Dev.to engineer Michael Driscoll was curious how much money these scalpers had made from the resales of their consoles. To do this, he designed a program that analyzes a number of data on platforms like eBay.
And it looks like the scalping business is making a lot of money. According to the findings of Michael Driscoll, the scalpers of PS5 would have made around 35 million dollars in total while those of Xbox Series X and S would have made approximately 23 million dollars. And that number could be even higher since the engineer’s algorithm is mainly based on eBay.
There are a number of other sales platforms, more or less official, such as forums, on which scalpers can sell their products. In other words, it is quite possible that the total amount generated by these resellers is much higher. Sony and Microsoft have tried to put measures in place to prevent this scalping, but these figures suggest that there is still a long way to go.