Surprises

by Joseph Weisenthal




No Merry Christmas For PS3 Speculators

from the too-easy dept

A few days ago, we pointed to a post by Clive Thompson, in which he noted that the value of getting a PS3 before they were available to the public was somewhere in the ballpark of $2,000, as buyers bid up their price to nosebleed heights on eBay. Since then they've cooled off significantly, sliding steadily through Christmas day. This has defied the expectation of speculators, who had bought them up, hoping to sell them for a rich profit to procrastinating parents right before Christmas. As it is, many of those profiteers had to return the boxes to the stores to get a refund. In a sense, it wasn't hard to see this scheme failing. After such a rapid rise, the price had nowhere to go but down. And even though there's a lot of pressure on parents to get a box under the tree on Christmas, apparently many realized that it made sense to hold out a few more days. So, next time a really hot videogame box is released, don't do the obvious thing and buy them up before Christmas. The real money is in figuring out a way to short them, as you would a stock.

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  1. identicon
    Brad, 31 Dec 2006 @ 4:11am

    Know your history...

    Sony has NEVER won a format war, and they've entered several against Philips (CD+ vs CD-, Beta vs VHS, DVD+ vs DVD-, UMD vs. nothing).

    Sony can't win a format war because their corporate culture is so ass-backwards. They're pushing an inferior standard that loses in the marketplace.

    And the big, dark secret? Blue lasers last between 5000 and 8000 hours. Then they die. This includes the PS3.

    It might seem like a long time, but between movies and games, you might find your console dying by 2009. $300/yr for a console seems mighty steep to me...

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