heres a great article, and just for you guys to know our walmart got 6 ps3s in and i got to touch one oh joy.
Day Trading from Toys R Us
Posted by Jonas Allen November 16, 2006 14:43
Press Start: The Video Game Blog of OregonLive.com Index Print | Email
The PlayStation 3 fever has officially gotten so hot that it's fried some people's ability to think clearly. How else do you explain eBay prices for a PlayStation 3 reaching up to $15,000 and $30,000? Granted, those auctions will probably be falsified due to fake user IDs, but the principle still holds true: half of the people waiting in line for a PS3 this afternoon are going to sell it on eBay.
I'm all for making wise investments, but this fiasco is the equivalent of day trading from Toys R Us. Go into a game store, buy low (in this case, $600 for a console), and immediately sell high (in this case, for $1,200 or more). All you need are a few desperate families and a stressed-out investor, and you've got a PS3 Day Trader. And hey, if you found yourself on the bidding end of a $1,600 console, you'd probably upset your family and be a little stressed out yourself come payment time, so maybe that equation isn't too far off.
In fact, I'd love to see Sony's own internal numbers in a week indicating how many PS3s actually connect to Sony's online network. My money is that just about half of them do, because the other half of launch-day units will be going through multiple buyers and sellers on eBay as each person tries to get a better price than he/she paid for it.
Either that, or the PS3s will be dead on arrival. Already, online forums are rife with advice about how to get the HDMI output to display correctly, and the system hasn't even shipped yet. That's never a good sign. So how many of those units will be online, Sony? Half? Three-quarters? And how many eBay listings will we see for PlayStation 3s during the next week. Only 400,000 units are available in North America, so we know it won't be more than that.