if they sold out for 99% world wide, that means some retailers indeed have units available!

then again FUCK logic

You've got your terminology all wrong.

Price Elasticity of demand is a formula meant to be used for a single product, to see if it's prices are elastic.  (Which they pretty much never are.)

Additionally, for the formula you need to have number sold.   

That there is higher demand on secondary sites does suggest there is more demand though.  

HOWEVER, there are MANY caveats... 

1) Supply for one, since more supply is going to make the multiplier lower.  I haven't been paying attention to sales, and don't plan to until supply constraints are over, so i don't know which one has sold more.  One factor that may affect this though is that the Xone has launched in less territories correct?

So demand from those countries might end up lower due to supply being in those countries only.   If you split up 1,000 consoles between Japan in the US.   Japan demand is going to be higher then if you put all 1,000 in Japan. 

2)Since we're talking about internet pricing, a big one is internet savy of the consumer bases.

3) Inherent price ceiling - Both are at 600+ maybe that's just what the price ceiling is.    No matter how in demand gum is, at some point it's got an absolute cap on the secondary market.  This holds true for all items.

4) Other demographic differences.  Enthusiasm is a big part of it.  If you had two equal groups, but one had a more "extreme" base, or even a richer base, that would effect the price difference.

rych we're going to hang out at PAX, I hope you know that.

Anyways, found out at the BB that they're getting a shipment Sunday, 11am, so I need to be there when doors open lol.

Then why don't they just say that? They know what retailers they shipped their consoles to. I mean.....they are the ones that shipped them. Walmart, Target, Best Buy, etc report their numbers back to MS, so MS knows who has available units.

Just say it's sold out at Walmart, Gamestop, Best Buy, etc. if that's where it's sold out. Don't feign unavailability of the console by being vague. If there are retailers that do have units, how about spilling the beans so consumers can buy them. Maybe then they can be open and honest when they say "we're sold out worldwide".

And no, I don't mean that they demand the numbers from each and every single retail store. But if a store has 5 or 6 units in stock, it will show up when you search for it online (yea, it may be for that one store, but if that one store is a Walmart, for example, and they post online that 5 or 6 are available, it was show up as "Available at Walmart.com" if only for a few minutes.)

Then they can say "it's sold out at X, Y, and Z, but if you check out A, B, or C you may find some".

The question is, if PS4 was in stock, how many more sales would that generate?

MS accuratly predicted how well XBO would do, and managed to ship just enough to supply the demand. Maybe some sales were obtained from people wanting a PS4, only to find it sold out, but still.

Unless we know how well PS4 could have done, with stock, this article means nothing. Maybe PS4 just barely managed to sell the stock, and with another shipment, we would find PS4's on shelves. Or maybe PS4 would continue to sell out, even if inventory was twice as high.

----

However I hope PS4 blows XBO out of the water, my 360 broke so many times and MS customer service was just terrible. Sick of MS, sticking to quality Japanese products from now on.

lol, when is pax?

yeah, I mentioned those caveats but using different words.
Price ceiling, I called purchasing power.....and

..Oops at least that's what I was going to post, but erased it because I just really did not appreciate his tone. But yeah, there are lots of unknown variables that affect demand. The point of issue though, is that percentage of price increase relative to another, is relative to demand. But thank you for your post, it's better than me explaining it. I should've just asked you to explain in the first place:D

As much as I've been reaming the XBone in this thread, I will say that I doubt you will have anywhere near the quality issues that 360 had if you bought an XBone. They rushed the 360 out in order to beat the PS3 to the market, because they wouldn't have stood a chance, had they released in 2006. But the XBone wasn't rushed, and you and I know that MS isn't trying to spend $1 billion to fix any issues, or incur anymore negative press (the press for XBone was negative even before the reveal, because we knew about DRM way before we first saw the console.)

sometime around easter usually