By your logic, everything should be increased to the maximum price consumers are willing to pay in order for everyone to "win."

The truth is that he is stepping in as a middle man, offering no extra value to the product, and is merely seeking to take scarce items away from the economy only to reintroduce them at higher price points so he can take advantage of people's willingness to pay. This can be seen as a moral issue for many people - but clearly not for all.

Next time you want to use your limited knowledge of economics, remember that utility is what you gain from a product or service, not what you are willing to spend. You worded it incorrectly.

Walmart is a middle man, Target is a middle man, Best Buy is a middle man, Newegg is a middle man.

Look, there's nothing immoral about it. People flip houses, cars, etc for profit. No reason you can't do the same with consoles.

Exactly.

My question was more or less involving the demand of the Wii and Nintendos supply though. Im wondering if anyone knows if Nintendo has planned to keep up this time. Because if they have then it isn't worth my time. Though i don't mind that discussion... it rather intrigues me.

While the gamer in me bemoans the fact that this goes on, the rapacious capitalist in me applauds your initiative.

If you want to be rich, then just do it

Man.. you guys should really stop discussing economics when you have no clue what you're saying.

Anyways, you already know the answer you're looking for. Will there be enough demand to price gouge? Yes. It's coming out near Christmas and it's completely sold out. Will you personally have a shot at selling it for a high price? That comes down to how many other people are doing the same thing and how lucky you are at nabbing one of the people willing to pay a higher price.

In the end, none of this actually matters though. Why? Because you are taking zero risk in this entire venture. If you don't find a buyer, simply return the Wii U to the store you got it from within the return limit. You have nothing (monetarily speaking) to lose here by trying.

I'm honestly not sure if the Wii U will reap profits like Wii did, and I'm not so sure if it's worth trying. If you really want to earn the quick buck, as wfz said, there's no loss for you if you're smart about it.

That being said - I think you'd have more fun keeping it ;) but if some desperate fool out there is willing to pay more than the standard price to get the Wii U at launch, then... let them have fun instead.

I see both sides. While I do feel bad that there will potentially be kids who's parents won't be able to go into a store and buy that WiiU at regular price because someone has bought it just to sell it and make a profit off of it, I don't feel the least bit bad about the wealthy people willing to spend a fortune on one at the last minute on Ebay.

Personally, I bought an extra one just to be able to sell it on Ebay and (hopefully) make back the money I spent on the one for me, essentially making my console and games free. But that's as far as I'll go with it.

If you want to waste your time on e-bay selling a wii-u for a profit of 6 dollars, you go right ahead. By the time you charge a higher price, a taxes, and give e-bay a cut from the sale, you wouldn't end up with an amount that would be worth your time, unless you were selling thousands of them..

There's going to be other sellers that got theirs cheaper than retail, or free, that will be selling much lower, and faster. The more time that goes by, the less likely you are to sell an over-priced console. Most people would wait before paying 10-60 dollars extra on a console. People go to e-bay for deals, not to pay more for the same item they can get at the store if they wait long enough.

Screw morals. Money itself is immoral, yet it's something we all have to have, because that's the way the system works. We all know today's money isn't worth the paper it's printed on.

Well when you work at a supermarket and sell food to the customers you didnt rob their chance to get the stuff on their own for a cheaper price.

When you buy stuff just to sell it even tho another person could quite easily have bought the system on his/her own  then you  do something stupid.


Thats a difference.