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Grey Markets Compared - PS3 vs. Wii

Zonk posted more than 7 years ago | from the comparative-shopping-for-next-gen-swag dept.

PlayStation (Games) 82

Kotaku has a follow-up feature to their earlier look at the declining PS3 market on EBay. Post author Michael Fahey has now gone back and looked at Ebay sales, comparing the PS3 and the Wii. Unlike the sharp dips and spikes the PS3 market has suffered, the price seems to be fairly constant for the Wii console. From the article: "Considering the small window that the PlayStation 3 auctions had to turn a truly amazing profit, prospectors would have been better off in the long run purchasing a couple of Wiis, which have maintained an average profit margin of 45-50% since preorders became available. Definitely not a windfall, but a much more financially sound investment in the long run. Unfortunately these launches weren't about being sound financially. They were about betting on the big bucks, and the majority of the PS3 prospectors out there played the tables and lost."

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82 comments

i hate to see this happen (1)

jrwr00 (1035020) | more than 7 years ago | (#17474860)

I had a feeling this would happen, the PS3 is not living up to what the ps2 was able to do, the Wii by the looks of it will be on top, about time, the gaemcube was a simi-flop,

Re:i hate to see this happen (2, Insightful)

rblancarte (213492) | more than 7 years ago | (#17478086)

I think it is WAY early to say this. I mean, the console just came out less than 2 months ago. To say that the PS3 is not living up to, expectations, other systems, etc, is being short sighted. I agree, at launch, this system is only tepid. But most systems at launch have been the same way.

Now granted, at Launch the Wii was much better positioned. But I think we need to wait long term to make a decision which systems flopped and did what they wanted to do. And more importantly, who the consumer choose as the winner.

As for me, I am plenty happy w/ my XBox360.

RonB

Re:i hate to see this happen (1)

AK Marc (707885) | more than 7 years ago | (#17481830)

Now granted, at Launch the Wii was much better positioned.

It isn't that. The Wii is new and interesting. The PS3 is the same thing again, with new games. If you loved your PS2 and want to be able to keep buying new games like what you already have played, you have to shell out $700 for a new system. If you want some new style system with motion and even comes with a cool set of sports games that even people that hate sports games love, then you want a $250 Wii. The Wii is going to be the killer for the PS3. The Xbox 360 has been out long enough that they have people that will buy them to play with friends, see the large number of games currently available, and have other good reasons for buying one. The PS3 is not going to have the profit power the PS2 had. If they had been the only one on the shelf *before* christmas, they'd have been able to beat the Wii. People would have paid the extra $500 for it, I know more than one person that did. However, in an equal market for an off-season sales showdown, the Wii will dominate the PS3.

Previous recent thread (1)

UbuntuDupe (970646) | more than 7 years ago | (#17474884)

The summary didn't like the recent thread [slashdot.org] about this, so there you go.

That said, profit margin statements can get misleading. With listing costs the same for both consoles, the Wii's profit margin is overstated. Guess what guys -- you're not going to take home the difference between ebay and the retail price, esp if you offer free shipping, as sometimes you have to do to get bidders.

By the way, if anyone knows the one-word adverb for "against the spirit of the moderation system", I'd like to hear it. Apparently, you shouldn't use the word "unjustly" for it.

Re:Previous recent thread (1)

Chris Burke (6130) | more than 7 years ago | (#17475318)

The summary didn't like the recent thread about this, so there you go.

One thing I found interesting is all the people in that discussion saying that it was Sony's fault for not charging more for their console, that they could have charged 3x the initial price and still sold out, then dropped the price later. Hello? Few people were buying systems off Ebay for 2-3x retail, that's why the price dropped so quickly! PS3 sold out at $600, but at $1k it wouldn't have because people don't think it's worth that much. Maybe Sony could have gotten $700 or $800 out of the die-hard, but the idea that those long lines would have remained no matter the price Sony put on their console is just silly.

By the way, if anyone knows the one-word adverb for "against the spirit of the moderation system", I'd like to hear it. Apparently, you shouldn't use the word "unjustly" for it.

I think the problem you perceive stems more from the fact that many feel that it was entirely in the spirit of the moderation system.

Re:Previous recent thread (1)

bnenning (58349) | more than 7 years ago | (#17479662)

Maybe Sony could have gotten $700 or $800 out of the die-hard, but the idea that those long lines would have remained no matter the price Sony put on their console is just silly.

Well, yeah. At the "correct" price, demand exactly equals supply so they'd still sell out but there would be no lines. Not that Sony should have done this; they probably figured that the bad will they'd get from initially higher prices would more than offset the increased revenue.

Re:Previous recent thread (0)

Anonymous Coward | more than 7 years ago | (#17477526)

The adjective 'luddite' is close to what you're looking for.

So... when is Kaz getting hanged? (1)

IcyNeko (891749) | more than 7 years ago | (#17474888)

I wanna know because I'd love to be the one who records it on my cell to be published on the intertubes.

Seriously, what the hell was Sony thinking?

As a side note, it really did shock me that the wii prices were so stable. Sure, there were tards out there that sold their wii for $14000 (tried to at least), but majority of the people were pretty honest folk who kept their price in the $300 range.

Re:So... when is Kaz getting hanged? (1)

c00rdb (945666) | more than 7 years ago | (#17474934)

I sold four $500 PS3 units for $1000 each. If you did it quick enough, there was plenty of money to be made.

Re:So... when is Kaz getting hanged? (0)

Anonymous Coward | more than 7 years ago | (#17478076)

Congratulations, Douche!! Now you can afford to wash your moms cunt out with salad dressing!

On the bright side of things (2, Funny)

vga_init (589198) | more than 7 years ago | (#17475076)

Even if you bought a PS3 to sell and couldn't find the righter buyer, at least you have a PS3. :)

Re:On the bright side of things (5, Funny)

Joe Random (777564) | more than 7 years ago | (#17475598)

Even if you bought a PS3 to sell and couldn't find the righter buyer, at least you have a PS3. :)
So what you're saying is that it's a lose-lose scenario?

Scalpers hurt game sales (3, Interesting)

Telepathetic Man (237975) | more than 7 years ago | (#17475092)

I suppose not one of these console scalpers cares that they hurt the market for the games on these machines. That extra $50-100 in price that is being forced on early adopters of the new consoles hurts the game publishers and in turn the consoles and the market for those consoles.

I mean really, would someone please think of the profits?!?

Re:Scalpers hurt game sales (4, Funny)

Chris Burke (6130) | more than 7 years ago | (#17475506)

I mean really, would someone please think of the profits?!?

Yeah, Isaiah was really hoping to get a PS3, too, but couldn't afford the scalped prices. Mohammed managed to get one standing in line and was making fun of Isaiah all through December.

No I can't spell, why do you ask?

Re:Scalpers hurt game sales (0)

Anonymous Coward | more than 7 years ago | (#17476050)

Yeah, Isaiah was really hoping to get a PS3, too, but couldn't afford the scalped prices. Mohammed managed to get one standing in line and was making fun of Isaiah all through December.
it took me a second... good one :)

Re:Scalpers hurt game sales (1)

Austerity Empowers (669817) | more than 7 years ago | (#17478340)

I disagree. The fact is there are only X consoles out there, whether you paid $500 or $3000 is really just inversely related to your intelligence (and/or, your desire to spoil your child rotten, in some cases). One way or another, all consoles out there are sold. While I hope publishers burn in hell, neither they nor developers are hurt by this for two good reasons: 1) All consoles out there are sold, people who CAN buy their games, still can, 2) There aren't that many games out there, people w/these consoles are even buying junk, just for something to play. The only people who are hurt, are those foolish enough to pay for hyped consoles.

Most of us have the sense to wait until we can pick one up in the store without a pre-order or ebay. Some of us will have even more sense and wait until the price drops. These things, more than post-launch (and mostly meatless) criticism of the three consoles, are most likely affecting grey-market prices, just like hype and bullshit tend to inflate stock prices more than actual profits, but fade away as reality sets in.

The rest is just THC laced astro-turfing. In a world where innovation is dead or repressed, I guess this is the best /. can do.

Re:Scalpers hurt game sales (1)

thdexter (239625) | more than 7 years ago | (#17484408)

What are you talking about? Have you ever taken an economics course? Supply isn't meeting demand at the ordained price point, so a third party--'scalpers'--are making the market work efficiently. Someone who pays $100 above retail for a Wii clearly wants it more than someone who would only pay retail. The existence of the secondary market shows that Nintendo (et al.) aren't charging enough.

Re:Scalpers hurt game sales (1)

iq in binary (305246) | more than 7 years ago | (#17504726)

Have you ever taken an economics course?

I'm intelligent enough that I don't need to.

First off, the secondary market theory is complete bullshit. Supply and demand, remember? Raising the price wouldn't have changed the supply in this instance, but would have detrimented the demand. Trouble satiating a demand too big for you to handle is a happy problem, trust me. But in the meanwhile, the demand is still going to be there as long as you ramp up your supply at a decent pace to catch up. That they didn't charge more to hurt the demand for that small period of time where they would have been able to get away with it is going to profit them more in the long run. Hell, they're the only ones making profit off their systems anyway, something Nintendo has been good at for a long time has been keeping EVERYTHING profitable.

This is getting into the macroeconomics material you've obviously never read, so I'll leave it at that.

The PS3 is starting to stock some shelves (2, Informative)

stastuffis (632932) | more than 7 years ago | (#17475120)

I'm not surprised. I've read in a ton of different places that the PS3 is making its way to the shelves (some units being returns from unsuccessful eBay sellers). And sometimes taking a few days to sell ten or so units in some places. I know the local Circuit City had 15 units for a few days although I haven't checked to see if they are still stocked. Why make a purchase online when you can just go to your local store and pick one up?

The Wii, on the other hand, is practically nonexistent in many places. No wonder the eBay prices are still there.

Re:The PS3 is starting to stock some shelves (1)

fistfullast33l (819270) | more than 7 years ago | (#17475398)

I've read in a ton of different places that the PS3 is making its way to the shelves (some units being returns from unsuccessful eBay sellers).

I wouldn't believe all the internet rumors you hear. I was here in NYC and home in Syracuse over Christmas and most stores said they had no stock of PS3's whatsoever. Not to mention, you don't know exactly what Sony is doing with shipments and such. They said they were going to shoot for 1 million shipments by the end of 2006. This obviously didn't happen, but I think they have another shipment coming very soon, as in this month. I noticed yesterday that EBGames has shipment dates of January 17th on their online orders for the 20GB PS3 [ebgames.com] and the 60GB PS3 [ebgames.com]. Now, for a company who wasn't taking pre-orders online through Christmas it seems awfully fishy to me that they'd put that date there if they didn't think they could make it. I think another shipment is coming.

Re:The PS3 is starting to stock some shelves (2, Informative)

HappySqurriel (1010623) | more than 7 years ago | (#17475586)

The internet rumors about the PS3 and Wii systems' availability are reasonably accurate ( http://ps3finder.com/ [ps3finder.com] http://wiitracker.com/ [wiitracker.com] ) ...

Essentially, if you want to buy a PS3 for its MSRP you can (probably) make some phonecalls and find one at a store near you or you can use the link above and find one from an online store; besides camping out at a store for the next Wii shipment there is no (reliable) way to buy a Wii for its MSRP. I would assume that the Wii and PS3 shortages will end within the next month or so as Q1 is the slowest quarter for game system sales in the year and both systems seem to be getting a more steady supply to stores.

Re:The PS3 is starting to stock some shelves (1)

dlZ (798734) | more than 7 years ago | (#17475608)

I'm in Syracuse right now, and I can pretty much go anywhere and buy a PS3 without a problem. Can't find a Wii anywhere, though (I went into a local EB to buy a 360 game right after the holidays, and they had a backroom of them. Just a few days ago, the Best Buy at Carousel had a ton in stock.)

Sure you couldn't get them right before the holidays, but now the story has completely changed.

Re:The PS3 is starting to stock some shelves (0, Flamebait)

Leviance (1001065) | more than 7 years ago | (#17480724)

Gotta back this up. In Seattle I went to two stores (Target and Kmart) at two different times on two different days and found ps3s sitting on the shelves. I've yet to see a Wii though :( Guess Sony is just outproducing the amazingly high demand, huh S-fanboys?

Re:The PS3 is starting to stock some shelves (1)

falcon5768 (629591) | more than 7 years ago | (#17475640)

you didnt look hard enough. There where plenty of PS3s available in the tri-state area. Heck you just had to go over the bridge into NJ to find 2 best buys with over 60 of them, both models.

The Wii on the otherhand you cant even track down accurate shipping dates. But the PS3, not at all as hard if you looked for it beyond walking into a store.

Re:The PS3 is starting to stock some shelves (1)

UbuntuDupe (970646) | more than 7 years ago | (#17475730)

I wouldn't believe all the internet rumors you hear.

Well, believe this one.

I work with someone with a lot of disposable income who had wanted a PS3 but wrote it off as being impossible to get until March. Two days ago I pointed out the oversupply of the them relative to demand and that he could probably find one easily on ebay if nothing else. The next day he said he found one on Amazon for retail (with no tax and shipping costs) and ordered it.

Plus, I'm a failed PS3 scalper [slashdot.org].

Re:The PS3 is starting to stock some shelves (1)

Joe Snipe (224958) | more than 7 years ago | (#17476284)

why didn't your friend buy your ps3?

Re:The PS3 is starting to stock some shelves (1)

UbuntuDupe (970646) | more than 7 years ago | (#17476542)

Good question. When I picked it up, I actually completely forgot that he would have been willing to buy it. Oddly enough, I even considered calling a different co-worker, whom I knew better, to see if he'd know anybody at work who wanted one, but still didn't make the connection that someone at work had told me he was in the market for one.

Yeah, I suck.

He and I had a good laugh about that when we came back from the break.

Re:The PS3 is starting to stock some shelves (1)

Roland (61) | more than 7 years ago | (#17479720)


Yeah I got a Wii by pure luck; a co-worker happened to be at the store when they put them out over lunch and he called me at work and basically, my office cleaned them out in a matter of minutes.

the funniest thing was the stack of 60GB ps3's sitting on the shelf nobody had been touching.

Re:The PS3 is starting to stock some shelves (1)

seebs (15766) | more than 7 years ago | (#17476260)

I have seen them in stores fairly frequently since I got mine on the 28th. Not necessarily very many, but I've seen them at one of the two Targets near my house, the local Best Buy had a sign up saying they had some in stock, see store clerk, and the local Gamestop had them.

No one has Wiis yet. The Gamestop guy said that, every morning, they have a line of people waiting in case they got some Wiis in.

Re:The PS3 is starting to stock some shelves (1)

Maul (83993) | more than 7 years ago | (#17476812)

I have seen PS3 systems in stock at Target, Fred Meyer, and Circuit City in my area. I saw these while looking for an S-Video cable for my Wii.

When I mentioned my surprise of a system being in stock when I saw it first at Target, the clerk informed me that the system was a return. Not sure if he was correct or just talking out of his rear, but the fact was that the system was there.

In each case, the PS3s were in plain view, sitting there in the store display. I'm sure they are selling them, but it is clear that they aren't being snatched up the moment they appear.

On the other hand I have not yet seen a single Nintendo Wii in stock since I bought mine on launch date.

Both systems seem difficult to get, but it seems that the PS3 is becoming less difficult to get in spite of them producing less units, while the Wii is just as difficult to get as on day one.

Re:The PS3 is starting to stock some shelves (1)

vapspwi (634069) | more than 7 years ago | (#17476954)

I happened across a Wii at a Target last week, but I've since visited a lot of Target, Wal-Mart, Best Buy, and Toys R Us stores looking for Wii accessories and another unit for a friend (his wife finally found one yesterday after visiting about 15 or 20 stores).

I've seen a number of PS3s. I wouldn't say they're plentiful, but (for example) one evening at the Fayetteville, GA Target, Wal-Mart, TRU, and Best Buy, I saw 6 of the 60 GB units sitting on the shelves. So it appears that the demand for PS3s is close to being met (at least in the Atlanta area), but the demand for Wiis still exceeds the supply.

(I would be curious to know how many of each console have been sold to this point.)

JRjr

Re:The PS3 is starting to stock some shelves (1)

coolestdickofall (858613) | more than 7 years ago | (#17478664)

I too found a couple Wii's on the shelf at target last week.. Have never seen a PS3 in stock here in Sacramento..

Re:The PS3 is starting to stock some shelves (1)

dulinor (42115) | more than 7 years ago | (#17480462)

In many places you can absolutely walk into a store w/o pre-order or call ahead, find a PS3 and walk out with it for retail w/o Bundle. I did that twice (once for a buddy who I knew was jonesing for a PS3.) I was hunting for Wii's (without success I might add) I don't know how many shipments Sony has made, but random Gamestops around here have been getting several a week and seem to have pretty good availability right up to Christmas. Presumably even better now.

I think the scalpers/speculators had every right to exploit the presumed limited demand and get what the market would bear, but on the other hand, they have no right whatsoever to complain if things don't work out. Plus, I have every right to mock them with my monkey pants.

Re:The PS3 is starting to stock some shelves (1)

AK Marc (707885) | more than 7 years ago | (#17481604)

I wouldn't believe all the internet rumors you hear.

At Bestbuy.com, they claim to have 60GB PS3s in stock now, for sale at the list price. So, if the availability is the same, where can I get my list-price Wii (and no, no packages with $500 of extras, just the base system of each)? If you can't find me a place where I can order a Wii today that claims to have them in stock, then we will consider this rumour as confirmed. PS3, available and easy to get. Wii, still sold-out and back ordered almost everywhere.

Re:The PS3 is starting to stock some shelves (0)

Anonymous Coward | more than 7 years ago | (#17475646)

Yes. This weekend I went to 6 stores, and 5 of them had PS3s in stock, sitting on the shelf, with no one really interested. A target and a Best Buy had them in stock 4 days in a row. The Best Buy actually had signs up on the door and throughout the store: "We have the PS3 in stock"

Wiis (on the other hand) haven't stayed on the shelf more than an hour (usually much less).

Yessir (2, Informative)

xlordtyrantx (958605) | more than 7 years ago | (#17475306)

I went to a Wal-Mart the other day, looking for add-ons for the Wii. The only thing that they had available was the Classic controller add-on. No systems, no controllers, nothing. But there were two PS3's for sell, several controllers, ect.

Re:Yessir (1)

DeeDob (966086) | more than 7 years ago | (#17475632)

The Wal-Mart i find funny is the one next to my home.

Twice when i was there in the last 2 months i heard over the intercom:

"We have just received a shipment of X number of Nintendo Wiis. If you are interested, please report in our electronics department."

To me, i heard:
"We have just received a shipment of X number of Nintendo Wiis. If you are interested, please come and fight for it with other entousiasts in our electronics department".

Sure enough, because i was curious, i went to the electronics department, where no cohesive lines were formed and more than twice the number of people that were gathered over the counter for the number of Wiis available.

The Nintendo Wii has stole all the thunder this holiday season because everybody wants to "try" the "new" way to play videogames. I hear Wii everywhere i go, from work to the family.
The PS3 is barely mentionned, with the one question that always comes when it is from those who don't follow the gaming industry: "why is it priced so high?" followed by a "what is Blu Ray?" when the answer is provided.

The 360 doesn't get mentionned much because people already know about it.

Economics 101, courtesy of Sony and E-Bay (5, Funny)

lpangelrob (714473) | more than 7 years ago | (#17475508)

Funny, I was just looking at the PS3 sellers on e-Bay. This [ebay.com] particular story is a funny read if you have some time at the office (and who doesn't, if you're reading this?) I couldn't help but think of Nelson and "ha ha!"

Speculators, meet the hard rock of economics.

Re:Economics 101, courtesy of Sony and E-Bay (1)

Duds (100634) | more than 7 years ago | (#17475852)

I know. All these people are trying to do is fuck over people who might actually want a system so I'm very happy to see it come crashing down around him.

Re:Economics 101, courtesy of Sony and E-Bay (1)

bnenning (58349) | more than 7 years ago | (#17479834)

All these people are trying to do is fuck over people who might actually want a system

There are not enough systems to satisfy demand. Thus, the price is going to rise. Some people pay this additional price in time tracking down shipments and waiting for hours outside stores, others pay in money to scalpers (who themselves paid in time). I fail to see why one is worse than the other.

Re:Economics 101, courtesy of Sony and E-Bay (3, Insightful)

AK Marc (707885) | more than 7 years ago | (#17481384)

There are not enough systems to satisfy demand. Thus, the price is going to rise. Some people pay this additional price in time tracking down shipments and waiting for hours outside stores, others pay in money to scalpers (who themselves paid in time). I fail to see why one is worse than the other.

In Simpsons episode "Homer Loves Flanders" Homer stand in line to get tickets. He is second in line, and thinks he has a good chance. The person in front is a scalper that buys them all and it is sold out with the first purchase. That's what happens here. If the scalpers didn't buy them in large numbers from the stores, then the availablility would be better and the price of those sold would be at a lower price. The bottom fell out because scalpers were hoarding them, and when the price got to the point where they had to liquidate to ensure they didn't take a loss, the prices dropped very quickly. The shortage was more like the "sold out" situation in the Simpsons. It was artifically created by the scalpers.

When the cause of the problem gets screwed by the problem that they created, "good" is the thought running through my head. They were profiteering off a shortage they helped create.

Re:Economics 101, courtesy of Sony and E-Bay (1)

thdexter (239625) | more than 7 years ago | (#17484742)

Oh, I'm pretty sure that's a false analogy. In the Simpsons scenario, the guy ahead of Homer could only buy the tickets if there were no per-buyer limits and he had the funds to buy all of the tickets (I recall that there's a joke where the scalper says he only has $10 on him and is allowed to pay the clerk back the day after). In this case, almost every ad I saw said "limit of 2 per person" or some such language, and besides which, there *still* has to be demand for a Wii at $300 over demand for a Wii at $250 for any of these scalped Wiis to be sold. I mean, that's exactly what happened with the PS3--the floor fell out, and now sellers have to put them out at a discount. If you think that more speculated on the Wii than the PS3, well, I don't have figures, but it seems to me that that wouldn't be the case.

But rereading your post it looks like we aren't talking about the same thing. Oh well, I'm posting this anyway.

(please MOD parent Informative) (0)

Anonymous Coward | more than 7 years ago | (#17489184)

Sadly, I'm all out of mod points :( You're absolutely right. The market will always achieve balance, and time = money. Good way to equate it, because what's really happening is people are just mad they can't have it both ways (possibly because part of the Wii's demand is it's lower MSRP).

Re:Economics 101, courtesy of Sony and E-Bay (2, Interesting)

DesertBlade (741219) | more than 7 years ago | (#17477582)

Be sure to read the guys ebay history.....looks like he has other issues besides owning 2 PS3s

Re:Economics 101, courtesy of Sony and E-Bay (1)

digidave (259925) | more than 7 years ago | (#17477614)

That story is a lie. They guy could have returned the PS3 to best buy and had the refund put on his debit card even though it was originally purchased with a different debit card. What do you think people do when they switch bank accounts?

I've returned things and had the refund put on a different debit card a few times. A couple of times I just wanted the money in my other bank account and a couple of times I was returning something my wife had purchased.

Re:Economics 101, courtesy of Sony and E-Bay (1)

Cheeko (165493) | more than 7 years ago | (#17478674)

Does this guy sounds like the type of witty wonder who would think to put it on his own card while sitting at the store? Reading this he sounds about as sharp as a bowling ball.

I'm guessing they would have very easily put the money onto a different debit card, so long as he had the original reciept and it was still in the packaging.

Re:Economics 101, courtesy of Sony and E-Bay (1)

hayden_l (703045) | more than 7 years ago | (#17478916)

When I return items at the Bestbuy in Hawaii as soon as they see debit card on the receipt they just hand me cash. Haven't had one yet try and put the credit back to the debit card. I know each retail store has it's own interpretation of policy but is it really this different?

Re:Economics 101, courtesy of Sony and E-Bay (1)

Too Many Secrets (449095) | more than 7 years ago | (#17483418)

And before he needed the money for breast cancer. What a scumbag [ebay.com].

Re:Economics 101, courtesy of Sony and E-Bay (0)

Anonymous Coward | more than 7 years ago | (#17485828)

He also spent $90 on a flashlight and got a new Treo. Fuck him.

What grey market? (3, Interesting)

Andy Dodd (701) | more than 7 years ago | (#17475544)

eBay scalping of systems bought in the U.S. to U.S. customers isn't grey market. It's just plain scalping.

Grey market is stuff like Lik-Sang and similar companies selling Japanese versions of consoles to U.S. customers for the purpose of playing import games.

The most common example of "grey market" sales is in the photography industry, where "grey market" imports of cameras are often cheaper than the U.S. version of that camera. Of course, you get what you pay for, and in this case there is no warranty support for the "grey market" cameras and often repair shops will refuse to even touch the grey market units (because they'll lose their certification as an authorized repair shop for that particular manufacturer if they do.)

Re:What grey market? (3, Funny)

UbuntuDupe (970646) | more than 7 years ago | (#17475884)

eBay scalping of systems bought in the U.S. to U.S. customers isn't grey market. It's just plain scalping.

So what would you say is the appropriate metaphorical color of the ebay resale market? Would you be happy with calling ebay sales "off-white"? Beige? Light green for that tinge of capitalism?

Re:What grey market? (2, Funny)

GoodbyeBlueSky1 (176887) | more than 7 years ago | (#17476856)

So what would you say is the appropriate metaphorical color of the ebay resale market? Would you be happy with calling ebay sales "off-white"? Beige? Light green for that tinge of capitalism?
When I think of eBay scalpers the color brown comes to mind. Big, steaming piles of it. So I'm going with "Brown Market". With bits of corn.

Quit the whine (1, Flamebait)

imsabbel (611519) | more than 7 years ago | (#17475908)

Seriously.
Whatever you buy, you are free to to what you want with it, as long as you dont violate rights of others.
Its MY decision if i lock up the PS3 in a cabinet, burn it in a bonfire or put it on ebay.

Same with concert cards.
If people are that desperade to consume a shitty performance, maybe they should sell the cards for more money to begin with, or use a bigger place. Or more events.

But i guess people dont have real problems, so they have the push those non-issues.

Re:Quit the whine (1)

flitty (981864) | more than 7 years ago | (#17476222)

If anyone wants a PS3 in Utah, i don't have a problem finding one at any store in the greater slc area. I've seen several. Still no Wii's.

Re:Quit the whine or why the police have my name (1)

WillAffleckUW (858324) | more than 7 years ago | (#17479680)

Whatever you buy, you are free to to what you want with it, as long as you dont violate rights of others.
Its MY decision if i lock up the PS3 in a cabinet, burn it in a bonfire or put it on ebay.


I see. There are laws against burning certain devices containing mercury under federal laws, as well as most city and county and state regulations regarding disposal of materials containing hazardous wastes.

This is why you don't see people burning their cars intentionally on the streets when they buy new ones.

Re:Quit the whine or why the police have my name (1)

644bd346996 (1012333) | more than 7 years ago | (#17481332)

This is why you don't see people burning their cars intentionally on the streets when they buy new ones.


No, it isn't. People refrain from burning their old cars because they still have value as a vehicle or for resale or scrapping. Burning your old car is the least economically sensible option, and that is why the practice is unheard of.

Environmental laws only come into the picture after the car owner has abandoned the concept of rational self-interest.

Re:Quit the whine or why the police have my name (1)

WillAffleckUW (858324) | more than 7 years ago | (#17481842)

It's also illegal and will get you into jail for a period of 3 to 6 months. Burning toxic substances is a felony in many areas.

Re:Quit the whine or why the police have my name (1)

Telepathetic Man (237975) | more than 7 years ago | (#17482188)

Not to mention the many local laws stating that arson, or destruction of property, whether it is your own or not, is a fine-able offense. I've seen it used as a way to slap wrists when no other option is available.

Re:Quit the whine or why the police have my name (1)

Andy Dodd (701) | more than 7 years ago | (#17508548)

I would be shocked if the PS3 (even the US version) wasn't RoHS-compliant.

Wii Dropping Too (1)

NetJunkie (56134) | more than 7 years ago | (#17476872)

The price on Ebay for the Wii is dropping too. I finally bought one last night for $335 from a local buyer. There are a number of tools out there to find someone local so you don't pay shipping and no worries about what you actually get. $335 is only about $60 profit for the guy after he paid $250 + tax. I didn't even sit and wait for the BEST deal as they were all falling near that anyway. A few days earlier the average was $400 or a little more.

Re:Wii Dropping Too (1)

ReptilianSamurai (1042564) | more than 7 years ago | (#17477882)

Ok I know these jokes are getting old, but "Wii dropping" still made me laugh. I'm glad I managed to snag a Wii at launch. Had to try several stores, but managed to get a spot in line at a Best Buy. As for the PS3, nobody is going to buy it until it gets a few killer apps and a price drop. I know I will want one in time, if only to play the next Final Fantasy. But not before it is affordable. For now I'm happy with my PS2 and Wii.

A seller's interesting strategy. (3, Interesting)

Puchie_D (836986) | more than 7 years ago | (#17477368)

I won a Wii on eBay for $40. Yes, forty dollars. And the seller actually made double what he bought the Wii for. Here's what he did:

Instead of selling the Wii for $450-$500 and (Zelda:TP thrown in), the seller was instead selling cards from a 52 card deck. Each card cost $20.00. When you bought a card, the seller would write your ebay name on the card and put it in a sack.

At the end of the auction, if at least 26 cards had been sold, he'd pick a card out of the sack and they would then be shipped the Wii. If he hadn't sold 26, he would have refunded all the money.

So I bought two cards because I had some spare cash, won, and I recieved my Wii in 3 days. All but one person left positive feedback for the seller's unique selling strategy.

Instead of selling a Wii and game for 450-500 (retail 250 + 50 = 300 ), he ended up selling 30 cards for $20 each. He got $600 and I only spent $40. Win-Win situation, if you ask me (except for those who lost $20 with nothing, but hey, that's gambling).

Re:A seller's interesting strategy. (2, Informative)

metamatic (202216) | more than 7 years ago | (#17477716)

And then one of the losers reported him to the FBI for running an unlicensed gambling ring via the Internet, and he ended up in jail?

Too bad this is illegal (1)

Proto23 (931154) | more than 7 years ago | (#17477878)

Otherwise I would know a great strategy too: selling fire insurances to make sure your store doesnt burn down tonite.

Re:A seller's interesting strategy. (4, Insightful)

Lehk228 (705449) | more than 7 years ago | (#17481424)

that's called a raffle, unless it's to raise funds for a non-profit org it is illegal in most of the country.

Re:A seller's interesting strategy. (1)

catprog (849688) | more than 7 years ago | (#17484374)

If it is like in Australia. If you are for profit you cannot make a profit on the raffle.

An example is you have a $400 item you can sell no more then $400 work of tickets.

Re:A seller's interesting strategy. (0)

Anonymous Coward | more than 7 years ago | (#17511222)

How do we know the raffle hasn't been rigged? E.g. I post an ebay ad saying you can buy a card for the Wii at $20. A bunch of people buy these cards, including my best friend, and I get $600. Then I post on the auction that my best friend won, and I give him the Wii.

BTW, the best friend is my roommate, so I get to play the Wii everyday AND pocket the $600.

And how many were scammed? (2, Funny)

flibbidyfloo (451053) | more than 7 years ago | (#17478578)

I work with a guy whose sister thought she'd cash in by buying two PS3's and selling one to pay for her own. She put one up on eBay and someone bought it. Not being terribly eBay saavy, she didn't realize that the email she then received from "Paypal" saying funds had been transferred and to go ahead and ship the unit to Nigeria was bogus.

Now she's stuck trying to enjoy the PS3 that she basically paid $1200 for.

PS3 vs Wii at local Toys'R Us (1)

Yvan256 (722131) | more than 7 years ago | (#17480368)

I was at Toys'R Us yesterday, searching for the elusive component cable for the Wii (I had it on my GameCube, and I can't stand the crappy composite picture from the Wii anymore).

Guess what? No component cables, no Wiimotes, no Nunchucks. Only half a dozen classic controllers and games. But no Wii consoles.

And what do I see on a bottom tablet nearby? Four 60GB PS3. Normal people don't want to pay 680$CAD for a game console. Toys'R Us was still taking names on their list for the next shipments of Wii consoles.

A bit off-topic, but does anyone else feel like the audio from R-Type (virtual console, Wii) doesn't sound quite exactly right?

Component Cable (2, Informative)

MonkeyCookie (657433) | more than 7 years ago | (#17483132)

Try ordering it from Nintendo.com. I did just that before Christmas, and I got the component cables within a week (well before Christmas day). You won't have to run all over trying to track one down.

I ended up getting a second remote/nunchuk direct from Nintendo too; However, I ordered at the beginning of December and didn't get them until about 5 days before Christmas.

Re:PS3 vs Wii at local Toys'R Us (2, Informative)

wbren (682133) | more than 7 years ago | (#17486040)

You might also want to check out this page [arstechnica.com]. It lists a bunch of different places to buy Wii component cables. I bought the MadCatz one for $19 and received them in less than a week!

Re:PS3 vs Wii at local Toys'R Us (1)

wiiboy (1048552) | more than 7 years ago | (#17512282)

I was at my friends house over the holidays and we agreed that we like the Wii over PS3. Curtis Somoza and I prefer the Wii because it is more interactive. With games like bowling and golf you actually feel like you are playing the game.

Re:PS3 vs Wii at local Toys'R Us (1)

wiiboy (1048552) | more than 7 years ago | (#17673988)

Have you tried ebay? You might pay an arm and a leg but at least you'll get them.
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