10-15% of All US PS5s Estimated to Have Been Resold

3 years 2 months ago
10-15% of all PS5s sold in the US are estimated to have been resold, earning huge profit for scalpers, according to a new report. Data engineer Michael Driscoll posted the latest in a series of reports on the scalping market, this time focused on PS5. The report scraped data for thousands of listings on eBay and StockX, up until January 16. Among other things, Driscoll included only listings that had actually sold, excluded any listing using terms commonly included in scam listings, excluded listings from low feedback accounts, and removed all results that sold for less than the recommended retail price. Driscoll was left with a figure of 157,000 PS5s sold at retail price or higher on eBay and StockX – 7.06% of of the 2.067 million PS5s VGChartz estimates were sold in the US up until January 16. Driscoll then looked into active listings on services such as OfferUp, Facebook Marketplace and Craigslist, coming to the conclusion that a likely 10-15% of PS5s have been resold in the US. [ignvideo url="https://www.ign.com/videos/ps5-scalpers-used-a-loophole-to-buy-stock-before-it-was-live-in-the-uk-ign-news"] Driscoll's report makes for very interesting reading beyond the headline figures. On eBay and StockX, the most recent estimated average price for a digital edition PS5 is $799 (twice its recommended price), while a disc edition is $849 (1.7 times recommend price). Driscoll estimates that scalpers have made $43.2 million in profit during that time, with eBay, PayPal, and StockX making a combined $15.9 million as a result of the resales. While we can't be completely sure of the figures involved (Sony has yet to release its own official data for launch) the report puts the scale of PS5 reselling into perspective, especially with scalping becoming a major talking point in the launch window of PS5, Xbox Series X/S, and new Nvidia and AMD graphics cards. Supply shortages and widespread use of automated bots have led to price inflation and repeated disappointment for normal customers. Some UK politicians are even calling on the practice to be made illegal as a result. [poilib element="accentDivider"] Joe Skrebels is IGN's Executive Editor of News. Follow him on Twitter. Have a tip for us? Want to discuss a possible story? Please send an email to newstips@ign.com.
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