It's beginning to look like the dry days of the great PS5 drought might finally be behind us; Sony will certainly tell you they are. Consoles can be found in the wild now; that much is true, and this effect is being felt. Markets do tend to react to economic factors like, say, an increase in retail stock following an extended period of scarcity, after all. Someone had to come up short when the music stopped, and hardware scalpers have found themselves with too many PS5s and insufficient chairs.
Ever since the PS5 launched, scalpers have been an everpresent issue the world over, one that has both frustrated and deeply upset passionate Sony boss Jim Ryan. In the interest of journalistic impartiality, it should be noted that some scalpers don't appreciate all the negativity, and believe their methods are justified by high-minded free market philosophy and the immutable laws of supply and demand, with the whole situation being exacerbated by COVID.
But with the world marching onward, scalpers have been left holding the bag, forced to slash the prices of their unsavoury wares. Where once upon a time, absolute fools would drop tens of thousands of dollars to get their hands on Sony's then-new console (with one particularly silly Aussie reportedly dropping 50k dollarydoos on one), now they are going for less than they do in stores. This should go without saying, but where possible, always purchase hardware from official retailers, if only for the peace of mind offered by a receipt alone.
Is this the feel-good story you need today, or should we open our minds to more enlightened modes of economic thought? Dump your stock in the comments section below.
[source reddit.com, via thegamer.com]
And since the PS3 days, I'll hold up a middle finger to the scalpers. I hope their bottom line is destroyed.
Don’t feel bad for them at all
I knew it wouldn't last a good way to beat the scalpers is to build more PS5 stock than them selling it.
“Australian dollarydoos” is the funniest thing I’ve read all day. I’d have called ‘em chazzwazzers though.
You reap what you sow as they say.
Australians have the strangest nicknames for most things, sorry not sorry.
Hope all the profits they made is lost in having to sit on the remaining units. Not that they won’t scalp the next big thing in short supply. But still like to see them lose as much as possible.
@Amnesiac Nice bullfrog reference! Haha.
Where's the world's smallest violin when you need it?
I will not feel sorry for the scumbag scalpers, they made getting a ps5 hard.
Scalpers are scum of the earth. Not as bad as murderers, mind you . . . but pretty close. 😁
Scalpers are not a new thing. Yes the ps5 shortage high lighted the problem for sure but the way its been reported made it seem as if it was exclusivley a ps5 issue. It was difficult to get a ps5 but not impossible.
The profits they've already made...
@naruball Scalpers have already bought them all up 😂
I'm happy they're now regretting it.
Brings so much happiness seeing a post like this.
Ah what a shame, its good Sony used a different method for PSVR 2.
@Toypop Sony sold it at the a price that meant they remained competitive with their competition while suffering an acceptable amount of loss for each unit sold. God forbid a manufacturer plays the long game and offers a product to the consumers at a loss...
The 'luck or cheating' you mentioned would happen anyway. Scalping is just an additional method on top of those that cause people to get screwed, it's not an either/or. Scalpers add no value whatsoever while extracting wealth. The people who do this are scum but they will always manage to justify their behaviour to themselves, as scummy people always do. It's only possible at all because some people are willing to pay more more than the retail price and the commodity is limited in supply.
I've never bought an item from a scalper and I got my PS5 a few months after release, so I personally didn't lose out due to their antics.
I don't think they need sympathy, and it's pointless to try and gloat at them now.
They had two years of making easy money from this console, with crazy mark-ups in the first year. Sadly most of them did very well.
@Zemo55 hahaha. Wouldn't surprise me
You gotta know when to hold em and when to fold em.
@Toypop sounds like something a scalper would say
Don't feel one iota of sorrow for them, the money grabbing scum who hoarded them (I wonder if they've got a stack of bog rolls too?) and I feel a similar lack of sorrow for the morons who supported them by spending 2x the console price plus trying to get hold of a PS5.
BTW, all these PS5s will be the original power hungry models so why would you choose one of those over a 1200 series?
Yes pushsquare this is the feel-good story i needed for today thank you, unfortunately i wont feel the impact of that irl cause where i live we don't have official retailers , we don't have sony stores or playstation stores , so basically the retailers here are also scalpers, that said i'm still very happy that some scalpers are still getting the least of what they deserve (if not where i live at least somewhere in the world)
@Toypop living proof that you make anything sound intellectually justifiable if you just try hard enough
The idea that scalpers exist to give gamers more choice is probably the most hilariously stupid thing I'm going to read this week.
I managed to get a PS5 at launch (not from a scalper) btw so I have no personal bitterness against them, I just think they're all a bunch of "jumped up country bumpkins" (to quote sir Kenneth Haight) playing at being legitimate businesses when they're doing the business equivalent of playing with a Fisher Price "my first legitimate business" set lol. And this isn't to say they don't have sophisticated setups, more that if they genuinely want to be a legitmate business they should stop being such cowards and start one
I don't condone any of thier practices but I feel that they had a kind of weird effect when it comes to the ps5.
Scalpers made getting a ps5 really difficult but with them buying most of the ps5s and it hitting the media it gave the ps5 this kind of holy grail status as something that was really hard to obtain without spending stupid amounts to get one so thus increased the interest in the ps5. People who weren't even thinking of getting a ps5 started to wonder what all the fuss was about and wanted the item that most people couldn't get or afford, I believe this has transitioned into better sales for the ps5 as more people started to be able to get hold of one.
Just my thoughts though.
@Toypop Yeah that's not how supply and demand works buddy. Not to mention slashing prices over time sends a clear signal to consumers that the product wasn't selling at the initial price point, and that leads to further loss of sales.
Selling a PS5 for "what the market is willing to pay" (more like what some desperate fools will feel like they're forced to pay) will only make others go to the competitors. Like Xbox. Look at the PS3 and its ridiculous price at launch.
Scalpers only made it more difficult to get a PS5, and Xbox SX at a reasonable price. They deserve every cent that they lost pulling this BS during a pandemic at that.
What a load!
Good riddance to scalpers ,scum is an understatement and gd riddance to anyone else that supports it ,
@Toypop that's like justifying murder by saying "the people who want to commit murder and the supply of easily murderable people will inevitably reach equilibrium with a certain number of murders being committed. The murder market has no conscience or feelings. It doesn't give a damn whether some people like it or not, or what weird irrational feelings of morality some people have. The market just does."
It doesn't matter if "the market has no feelings" lol. Scalpers are still making a scummy choice (not on the level of murder lol. My point isn't that they're equivalent in severity, only that it's equally preposterous to claim that morality doesn't apply just because it can be analyzed at a high level), and I'm very free to mock them for it. I'm just a small cog in the mockery market - it turns out the people wanting to engage in mockery and the mockable people form a kind of equilibrium, where mockery inevitably happens.
Glad this is happening to them. Scumbags
Scarcity, whether natural or artificial, makes a product more desirable. And therefore more expensive, often tempting people with access to that product to sell at an inflated rate, because they can. That's a lot more sensible and easy to explain than saying "Sony priced the PS5 below what the market would pay". No they didn't, they just couldn't make enough of them.
@danlk1ng Well they didn't murder anyone, but they sure did make a killing.
@zekepliskin haha love it
@zekepliskin I like your explanation better because at least it acknowledges individual choice rather rather than invoke "the market", the invisible amoral force that apparently forces us to do stuff and lets us thoroughly off the hook. We only did what the market wanted, after all
It is what it is. I was lucky enough to get a PS5 through some asshatery that had my purchase shift from my state to another, and having to drive two hours to pick it up, but I got mine at MSRP.
Thing is, the only “next gen” games I’ve sunk time into since launch are Returnal and Deathloop.
I got my PS5 in May of last year. Becoming a bit a noisy as time goes on. Anyone else?
@Swirly are you blowing out your vents? Gotta keep your hardware clean!
@Toypop dude. Fine. You have a GCSE in Economics (I really hope you've got more than that and you're not literally flexing this hard over a GCSE lol). We get it. It's not that I don't understand what you're saying - I do. I'm rejecting it as a rebuttal for people's dislike of scalpers.
Whether or not you invoke "the market", scalpers are still individual people that we're very free to despise. I wasn't comparing business to murder as an action in itself, only in the sense that both are things that can be analyzed at the population level, and it makes no sense to dismiss an individual actions purely because a high level analysis can be done. You can keep your market lol, I'm not trying to take it away from you, I'm just trying to point out that it's a pitiful excuse for justifying the individual actions that scalpers choose to do.
@Toypop as someone with a degree in economics whose dissertation was titled 'Perfect Market or Imperfect Indifference? Factors affecting equilibrium in postmodern supply and demand models', you're basically correct.
The (free)market will always find its price re supply and demand. In hindsight, yes, scalpers took a portion of the additional profit that Sony could have made by pricing the console higher, but when exogenous supply shocks that radically shift the whole supply curve (COVID) like this occur, companies have other considerations such as customer relationships, forward contracts, uncertainty about realised demand at such levels and so on. This is why eBay auctions, like them or not, are the closest we will ever get to 'perfect competition', as it's called in economics.
'banning' scalping would work about as well as banning drugs...it just goes into a black market where the likelihood is that prices would be even higher due to increased friction from even tighter supply.
TL;DR People can grumble about scalping as much as they like. It's a consequence of supply shocks to a free market system that is far far better than any alternative.
@lacerz yeah i clean it every couple of months- just to be sure. Hope it doesn't turn out like my series s and die just after a year
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It's a shame it did bankrupt them all. I just hope they lose out from now on. Tossers.
Thankfully there were some great groups I joined that enabled me to get consoles for myself, some family members and 2 friends over a course of a 6 month period. Thanks to all that those groups. We beat the scalpers in the end !
@Toypop I'm pretty sure scalpers can artificially push the market value up for some items, buying out the relatively few items that are available and pricing them way higher.
niche items though, where a once quite low price item suddenly rockets without any real explanation. A couple of fairly recent examples, the playstation move, shin megami tensei games.
The ps5 was obviously far more mass market, but with the sheer number of people who got involved in the reselling of it, it probably did force the price higher than pure supply and demand would have.
This is nonsense tbh, no scalpers lost money. The price has been steadily falling for 2 years. PS5s were a quick buy and quick profit flip. They weren't hoarded. Why hoard when the price never went up. That image is probably someone trying to scam someone advertising cheap PS5s
@Swirly There are videos on how to deep clean the PS5. Popping off the outside layers is the most complicated part, so it’s pretty basic. Worth trying.
@Toypop resellers forcing themselves into the supply/demand process can push the price up, we seem to only disagree on what artificial inflation means.
(Stupid) consumers do this to themselves by buying from scalpers. They are the reason scalpers exist.
You can try and make people feel sorry for the scalpers all you want. But don't try to talk down to people all the time.
This actually has the opposite effect that you're trying to do and seem more educated than others, trying to insult them. He was having a conversation about scalpers and over several posts, you've personally attacked him. That's a sign of an uneducated person, not an educated one. If you can't win an argument in the argument alone. It's best to not say anything.
N.i.c.e. the more ps5 .the better.word up son
I'll always buy retail over scalpers, I had to wait a year to grab a console because of those menaces...
@Toypop lol the more you talk, the more you sound like a caricature of yourself. By all means carry on. And keep on making wild assumptions about the kind of person I am, those are the funniest part lol
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@Toypop and what do you think Economics is, exactly? It's not a hard science like Maths or Physics, it's fundamentally dependent on human nature. Remove all life on earth and there is no "economics".
Which is why I disagree with you that "cos economics" is a valid excuse, and it doesn't give you the right to just handwave away people's opinions about the morality of something like scalping.
You're correct in as far as there's not really anything we can do to stop scalping from happening and that's not really what I'm going for. I'm not looking for a ban on scalpers - it's hard to imagine anything you could set up that would be particularly effective. I'm just not rushing to their defence because "basic economics gives them a free pass, bro".
I'm actually more than happy to agree to disagree with you on the morality of scalping, but your disdain for people who disagree with you and assumption that we're all poor and uneducated and can't be bothered to work, undercuts your entire "I'm so educated" thing you've got going on
@Toypop also you're not in debate club, this is a gaming website for goodness sake. You don't need to call out fallacies by name, particularly not when you've regaled us with such sentences as:
"People like 45danlk1ng in the posts above, don't have any money. So they want an F5 lottery on Amazon. 45danlk1ng doesn't give a stuff about fairness or justice"
"when the Doctor bids a higher price than 45danlk1ng thinks it is worth/can afford, 45danlk1ng will perceive it as being "artificially inflated" and cry."
I mean, in a line up of men made of 100% straw, "45danlk1ng" would still be the strawiest man of them all
@danlk1ng It's always projection with people like them. I'm not sure what debate he is having with himself. Is anyone here denying the basic principles of supply and demand? This is a very strange (but mildly entertaining) comments section.
HAHAHA amazing hope they all go bankrupt
Hell no don't even buy it from them out let their Ps5's rot. No covered by receipt,just buy from the store. Oh I love this these numptys kept me from getting one! It was unbelievable 😂 I had the money but couldn't buy one. I emailed scalpers on flea saying your price is eating in to my game fund 😂
@Toypop when I said "hard science - like maths or physics", I wasn't talking about the difficulty... more that, maths or physics applies whether there are people to percieve it or not, whereas economics is 100% down to the way people interact.
Boiling your argument down to "cos economics" was a bit unfair, but your argument still only really addresses how scalping is incentivised, it doesn't really offer any meaningful commentary on the action of scalping itself. It's a bit like making an argument like "banning alcohol/drugs only turns it into an underground industry". It's true but it doesn't really address any moral issues around banning, making or consuming alcohol/drugs, it's just an observation of how supply and demand works when it comes to acohol/drugs in a particular scenario. I'm sure there's a decent argument for why scalpers are perfectly decent people, but this ain't it...
As an avid concert goer I can whole-heartedly say that all scalpers are scum and can suck a big one.
Get a real job you lazy bums.
I know scalpers who have sold hundreds to thousands of these on eBay from 700-1000 dollars. They got their money already a long time ago. People thinking they have lost anything are delusional.
I hate scalpers. I hope they are all suffering. When we complain about cross gen games, scalpers have a huge role in that. Screw them. I hope the 40 they are sitting on they are just stuck with.
Im not gonna lie during the early covid pandemic i was reselling ps5's and xbox's as a 2nd income.
@Toypop speaking of fallacies, why is it necessary at all that "scalpers" and "the unemployed in moms basement" are even different people? Surely the "time-rich" are best placed to play the F5 lottery and get hold of consoles, and thus become scalpers in the first place?
Instead of you demonising the "time rich but cash poor" and me demonising scalpers, let's join forces against the common enemy - the "time rich but cash poor F5 lottery scalpers". We could achieve such great things together. Think about it
@Toypop also let's just make it 100% clear that by "people who work" what you really mean is "people who have plenty of disposable income" - there are plenty of people "in work" who don't have enough money to afford a PS5 at RRP, let alone scalped prices, so let's not bring "whether or not someone works" into it. You really mean people with very well paying jobs (or slightly less well paying jobs but no dependents) e.g. doctors, lawyers, mothers of basement dwellers etc. There are plenty of people who genuinely work hard but can't afford to use their money to "outbid the basement boys" (particularly not while the basement boys' mothers are still earning)
And I'm not expecting this to pursuade you that your whole argument is wrong or anything - that's not my intention, just to point out that "being in work" doesn't equate to "being able to afford a PS5 from a scalper" like your argument heavily implies, even though I'm sure that's not what you mean
@Toypop I bet you’re a hit at all the parties.
I see both versions of PS5 along with Xbox Series X/S all the time at my local Wla-mart and Target now. I also see them all the time for sale on GameFly too.
My friend was just able to order a God of War PS5 bundle no problem from Amazon a few weeks ago and got it overnight.
The dude defending scalpers is cracking me up, I can't tell if he's serious or not. But either way I enjoy the laughs provided.
I hope if there is a new model PS5 this year, we don't experience Deja Vu right off the bat with availability.
I don't understand why retailers offer pre-orders for products like a new game console, but not back orders after the product is released. Instead, we have to check online or walk into stores weekly. Maybe back ordering wouldn't end scalping, but it wouldn't hurt. At least a buyer would know they'll get the new console at some point, 3-6 months or whatever.
Scalpers are profiteers and only exist if they have customers. Scalping a non postponable necessity is one thing, event tickets, toys, game consoles, and other optional stuff is another thing. Those that purchase optional stuff from scalpers are scalper enablers. No one's life depends on getting a PS5.
I remember hot Xmas toys and game consoles being scalped. People would buy at a retail store than advertise in newspapers to sell for huge profits. Cars in very short supply would be sold by the dealer at over sticker price. The car would then be advertised as garaged and never used, and accepting offers.
That scalping was before profiteers could purchase stuff before the items could be put on store shelves, and easily purchasing large amounts so there would be none on store shelves. No need to highjack a truckload, just buy in quantity electronically.
One solution I can think of is to only deliver to legit stores like Target, Best Buy, and others while mandating in store purchase only. Also limited to one purchase. Another is for available only through the Playstation store with only one unit allowed per account while supplies are low. However the best solution is to just say "no" to the scalpers.
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And just like that all the frustration of reading the comments of a condescending know it all disappears!
They got greedy and sat on too much inventory instead of selling near cost.
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You really didn't read what I wrote did you?
I said people would actually pay attention to you if you didn't keep trying to belittle people the way you have. As I said, you can make all the assumptions about people you want, but it just makes you look silly.
So, people won't feel bad for them in the slightest because they've taken all the products for themselves and overcharged for them. It's funny and not at all sad.
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I got my PS5 for retail price from a retail store by sheer luck.
I don't have even one molecule in my body for anyone losing money scalping consoles.
Absolute scum of the earth.
I don't feel sorry for them at all.
Full glad i pre-ordered mine when it was announced. Bit these low lifes prevented lots of people getting one.
Ha, hahahahaha hahahahaha hahaha. Ha.
Couldn't have happened to a more deserving group of people and the mind calculus they use to justify their predatory behavior.
I just went on a journey watching some guy try to argue that scalpers are doing a favor for "the market"
With everyone on their high horse and climbing over each other to cheer, it took way too long for this comment to be made. What you said is the reality. The type of scalper that the average gamer hates made their huge profits already and exited the game long ago.
So many people thinking the scalpers are hurting from this.
They made £200+ a console, probably sold 50 or so over two years without even trying.
This cut price stratios just shrinkage, the cost of doing business. They are entrepreneurs and no worse than apple who famously just put components already in existence and packaged it up at huge mark ups.
Some of these had warranties that ran out while still in the box (like my ratchet and clank edition on my display shelf)
The real bad guys are the people who allowed scalping to happen.
The idiot buyers who fell for pester power and FOMO.
Sony for not having a system where when a ps5 console was sold, the serial number of each one started a 2 day timer where the ps5 should be required to go online and be linked with a psn account that has had its address and IP address verified. This would have made selling multiple units from one house much more difficult.. Sure people may have used VPNs, but the address thing would have hindered most opportunist sellers.
I'd write more, but I can't be arsed!
Don't feel sorry for them but I did make a little bit on the ones I was able to get.
Good riddance, I hope they end up having to donate them to charity or sell at an extreme loss.
Eight bucks, and I can announce Gravity Rush collection on Switch? Hmmm... hmmmm...
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