Don't you love Capitalism!
Although I am a true Xbox believer, it's fascinating to watch the phenomenon of reselling the PS3 and Wii launch game consoles this past weekend. These poor schmucks spend days sleeping outside their local Best Buy or Target to spend $600 for a PS3 or $300 for a Wii. Did they do it for the love of games? Nope! They did it for the love of cold hard cash.
This chart shows the average selling price for the console on ebay for the last 7 days. Even now, with the PS3 selling price at ~$1200.00, that's still a $600 profit (100%). That's not too shabby for a couple of days 'work.'
What I don't understand is, why don't the manufacturers sell them at a higher price initially? For the first two months, the price could be, say, $1000.00. Why are they forfeiting their potential profits to these profiteers?
1 comment:
Or better yet, why don't the people who buy systems for two to three times the retail price wait a little while until they can buy the system at the normal price and then send all the money they "saved" to me.
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