Madword said:
g911turbo said:
JoeFlex said:
That's the thing about statistics. If you don't give the numbers context and use a few leading sentences people may draw the wrong conclusion. Nevertheless, it seems like the industry is far from shrinking, as some have suggested. It's the latter part I am most interested in - the pre orders of the Wii U or sales of 360/PS3 during that period.
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Bold 1: Exactly what is happening here. This is Amazon PR spin to look favorable to customers, investors, etc. Not to necessariliy promote the gaming industry.
Could shrink. Way too early to tell, but it seems like the new consoles will be fine in the LONG run. Even Wii U could rebound still.
Bold 2: I bet the Wii U (not sure about that EXACT week) pre-orders were actually very good. It wasn't till after it released that it started tanking... A LOT were returned due to poor reselling ability and plenty on shelves. I predict you might see some of that with the PS4 and Xbox one as well because your "break even" points are even higher on ebay.
If you sold an xbox one for $650 on ebay, you wouldn't make any money!
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Hopefully the fools who were scalping the Wii-u have learnt their lessons and wont be trying to buy all the stock up... but i suspect not.
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To most people, the returns are "free" (I argue not completely, since time = money). So if you preorder from Walmart or Bestbuy or Gamestop. You can return even if you physically pick up the preorder but cannot sell. Amazon you would have to cancel ahead of time to avoid shipping fees back to them.
Either way, low risk. But it's easy to buy / sell a system. Hence everyone CAN do it. And when everyone CAN do it, the scalper market becomes flooded driving down the ebay prices etc. The most money will be made by ebay!
The most money to be made buying and selling comes with stuff that is hard to do or not that many people know about (or both). Less [ignorant] competition driving your prices down. Consoles are harder to buy and sell now than they used to be. Finally, given the architectures of the Xone and PS4 are not as custom as they used to be, I don't think shortages will be as big an issue (think cell)