GTP Editor, GTPEDIA Author
- Rule 12
This is the discussion thread for an article on GTPlanet:
From the article ''the PS5’s numbers are “sell-through” (sales to end consumers).'' so they're not on ships... scalpers on the other hand 🤔.PlayStation 5, what’s that? Is that some unicorn of some sort? I’ve never seen one in any store, ever!!! Maybe 3 million of them are sitting on ships waiting to be unloaded!!!
A lot - but at the same time it's still pretty annoying.I do wonder how much the scalper problem might be overstated though.
This.Remember when PS4 was coming out and the media was like “everyone is over consoles”
Scalpers are actually having to make a loss on their consoles because people simply refused to bite on the hiked prices, they're losing around 30% on each unit according to StockX.A lot - but at the same time it's still pretty annoying.
Estimates put the early US market at a scalping rate of about 10-15%, while the UK market was nearer to 5%. That's two of the biggest markets, averaging out to about 10%, and if we assume that's representative globally it means about 1.3m consoles sold have initially gone to people reselling them (or taking them to CEX, who were offering 10-20% over RRP for trade-ins; good going, guys).
However that assumes that the problem is constant. In reality, as more consoles have become available, scalping is becoming less and less profitable, so it has become less of an issue over time. 10% in the first two quarters is probably a safe assumption (so 740k consoles), but it's likely far less now. We can probably assume that it's around a million consoles globally.
We're likely to see the problem increase again slightly towards Christmas (got to get little Billy his PS5 for yelling racist and homophobic abuse at people in Call of Duty), but supply seems to be improving too - there's more and more stock drops of both consoles right now. Sony needs it to as well, as Q3 is the big one.
Last month in Forbes:
That article say the resale price has dropped 30% from what it was, but it's still over RRP.Last month in Forbes:
I mean sure, scalpers will still list them at those prices you've found, but ultimately they'll get trolled via fake bids and ultimately have to sell at 70% of the RRP.
There's another report I've read which talks about the losses being made by the scalpers, but I can't seem to find it.
PS5 prices on the secondary market StockX have tumbled by almost 30% since their peak according to new data. The company explained to me that after hitting $1,000 on Cyber Weekend 2020 for the disc version, the console has since dropped to $715 in September. This is also 10% less than the price in June.
The digital edition also peaked at $1000 on Cyber Weekend 2020 and is now selling for just under $700, which is 6% cheaper than three months ago. Both remain significantly more expensive than their retail price at $499 (disc) and $399 (digital).
Agree, same story here in Italy, no way to buy PS5 in the shops, no way to buy online. Maybe Sony dreams to sell 3.3 milions of PS5.PlayStation 5, what’s that? Is that some unicorn of some sort? I’ve never seen one in any store, ever!!! Maybe 3 million of them are sitting on ships waiting to be unloaded!!!
Interesting that you're banging this drum again...Maybe Sony dreams to sell 3.3 milions of PS5.
Come on!! When did they sell 7.8 milion of PS5? Stores haven't had ps5 in stock for months. I will never believe it, they are nonsense numbers. Maybe they dream to sell........
You don't seem to understand that these are retailer numbers - actual consoles sold by shops to consumers - not shipments from Sony to retailers.So the one I bought in March doesn't exist?
There's been plenty in stores, they just sell out quickly. I understand that the UK February/March stock drop accounted for 120,000 consoles - and that was just in the UK. Scaled up to Europe that'd be nearly 700k, and the USA would have roughly the same number - so 1.4m.
If the January stock drop was the same magnitude, that's 2.8m consoles, without mentioning any other market. Sony's 3.3m seems pretty close to that.
Sony had ~5m consoles shipped for launch, and claim 4.5m sales in that seven week period (and I got one then too). That seems pretty close too.
I don't see any reason for disbelief.
You don't seem to understand that these are retailer numbers - actual consoles sold by shops to consumers - not shipments from Sony to retailers.
Store shelves aren't relevant either. They're selling online.