Otter said:
The_Liquid_Laser said:
There is actually not that much pent up demand for the PS5. Use some common sense instead of reading internet forums and social media. Here are some more important things to thing about. 1) The best way to gage demand is to look at the resale market. When the NES mini launched for a MSRP of $60, you could find it regularly resold for $300 or more. That is 500% of the MSRP or a 400% mark up. That is a situation where demand far outstrips supply, and even then it meant that Nintendo just needed to make several million more. (It did not mean the NES mini would be a 100m+ seller.) Right now I can buy a PS5 on Ebay for $690. That is only a 38% markup. That means demand is just barely outstripping supply, at least in the US. The demand is not overwhelming. It is almost met. 2) One must ask oneself what would be causing demand for the product. In the PS5's case, there is not much reason to buy one. Where is the exclusive software? Ratchet and Clank is probably a decent game, but it isn't selling like BotW or AC: New Horizons. Software sells hardware, and PS5 mostly just has cross-gen games. I also just watched a State of Play that told me that most of the big games for the next year will be cross-gen. There is not much reason for the PS5 to keep selling. Basically we should expect PS5 supply to meet demand sometime this year. Demand is currently just a little bit higher than supply, and there is not much driving demand in the near future. |
1) Thats a situation where you have a collectors item with a limited run, which means its garaunteed to have high value. Its not really meaningful to compare here. The price is going to be determined not just by surplus of demand, but also their perceived value of an item. There could be 2x the demand for PS5, but it doesn't mean those people are willing to pay $699
2) All you're saying is you don't have an interest in the PS5 but you don't represent the scope of consumers out there. Even one look at the performance of cross gen exclusives tell you the vast majority of people are holding onto buying next gen versions of cross gen games. For some on here that isn't enough reason to upgrade, but that means you're simply not the demographic driving next gen console sales or sales of new games on Playstation and Xbox.
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1. Nope. It didn't have a limited run. They kept making more NES minis until demand was met. It's just that for the first several months or so, demand far outstripped supply. The PS5 doesn't have anywhere near this kind of markup so demand is only slightly higher than supply.
2. This point is bullshit. Software sells hardware. The PS5 lacks exclusive software. That isn't about me. I don't play FIFA, but if the FIFA games were Gen 9 only, then it's believable that PS5 would be in high demand. PS5 objectively lacks big name exclusives and next gen titles. Not only is this system not for me, it's not for the vast majority of gamers. It needs better exclusive games and Gen 9 only games.
In short, the PS5 is not in high demand. Instead demand is just slightly higher than supply, and supply will probably start meeting demand sometime this year.
