PlayStation 5 is Worth $40,000 on eBay Owing to Production Shortage

By
January 2, 2021 7:58 pm

Ever since the launch of the PlayStation 5, gamers around the world have struggled to get their hands on it. Even though accessories like the DualSense Charging Station and the Media Remote have returned to the markets, buying Sony’s new-gen console still seems like a far-off idea.

The severity of the situation is self-evident through the recent reports on the restocks for retailers like Amazon, Best Buy, and Target.

PlayStation 5 restocks across several retail stores

Target

As for now, Target has no restocks for the PS5. However, a tweet by YtNextGenGaming claims that fans can expect good news in the upcoming weeks.

ALSO READ- Sony Offers Refund for Mixup Involving PlayStation Plus Title

Walmart

Just like Target, Walmart currently has no stocks for the PlayStation 5. The DualSense controller is up for sale right now, and patrons expect the American Stores to also sell the PS5 soon.

Amazon 

Following a minor restock on January 1, Amazon now treads the same path as other retailers. Moreover, its official site states there is no information on an upcoming restock.

A Sony PlayStation 5 home video game console, taken on October 29, 2020. (Photo by Olly Curtis/Future Publishing via Getty Images)

eBay is the only way to get the PS5 but there’s a catch

The PlayStation community is trying to buy the PS5 by hook or by crook. While the aforementioned stores are only selling the console’s accessories at maximum, consumer-to-consumer and business-to-consumer sales corporation, eBay is the last resort for anyone who wants to buy it.

However, sellers on eBay take full advantage of the scarcity of the PlayStation 5. With such a limited supply, the console is comparable to a luxurious item, and its sky-high prices on the e-commerce site further strengthen this narrative.

Starting from $750, the PlayStation 5 costs up to a staggering $40,000 on eBay. Even after canceling out the extremes, the average price of the last 90 days floats around $799.9, which is still $300 more than the actual price.

The console giant had promised to ship over 10 million units by March 2021. Hence, it is safe to assume that a major PlayStation 5 restock can happen soon. Interestingly, this figure was originally six million, and the manufacturer later increased it to satisfy the enormous demand.

ALSO READ-  From The Last of Us to The Witcher 3, These are the Top 10 Games Of the Decade for PlayStation, Xbox and PC

It wouldn’t be a surprise if the upcoming restocks get exhausted in mere moments. Hence, being vigilant seems like the only way to get a PlayStation 5 at a fair price.

Aakrit Sharma

Aakrit Sharma is an Esports author at EssentiallySports, living in Shimla. He is currently pursuing his Bachelor's degree in Arts from Delhi University. His interest in gaming roots back to classics like Call of Duty Modern Warfare 2 and Modern Warfare 3.

Disqus Comments Loading...