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.

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?