PlayStation 3 trades at 50 percent profit online

PlayStation 3 consoles were selling at about a 50 percent mark-up on their retail price on Saturday evening in Japan, about 12 hours after launch.

PlayStation 3 consoles were selling at about a 50 percent mark-up on their retail price on Saturday evening in Japan, about 12 hours after the console made its worldwide debut.

The PlayStation 3, Sony Computer Entertainment's first new console in six years, went on sale at many major retailers in Japan at 7 a.m. on Saturday morning and almost immediately sold-out. Sony's total shipment for launch had been cut back to 100,000 units due to component shortages.

From interviews with many of the people waiting in line at one retailer in central Tokyo it was clear that a sizable minority were buying the console in the hope of making a quick profit.

A look at listings on Yahoo Auctions, one of Japan's top online auction sites, on Saturday night reveals that there is a profit to be made from selling the PS3. But there is also a good supply of consoles that is helping to stop prices reaching levels seen before launch or being seen currently in the U.S.

Versions of the more expensive model that has a 60G-byte hard-disk drive, were selling for around YEN 90,000 (AUD$1000), which is about 50 percent higher than the retail price. The cheaper machine, which retails for about YEN 50,000, was selling for around YEN 70,000. At close to 10 p.m. there was an auction ending about once every minute on average.

Prices for Japanese consoles on the U.S. Ebay site were much more difficult to find and consequently fetching higher prices. One auction for a 60G-byte console to ship on Monday was at US$1,731 with 4 hours left to run. On Ebay's German Web site a 60G-byte console from Japan was at Euro 700 (AUD$1174) with 2 days to run.

The PlayStation 3 will go on sale in North America, Taiwan and Hong Kong this Friday and in Europe and Australia in March 2007, according to Sony's current plans.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service

Comments

Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?