Playstation 3

So the Playstation 3 gaming machine is finally out! Millions of people have stood outside stores and malls for hours upon hours just to be one of the first to get their hands on the $600 PS3. From the looks of it there are around 8,000 of those people who didn’t even buy the system for themselves!

Yep, eBay is the marketplace for these bad boys right now with average selling prices floating between $2,000 and $3,500. And then there are always the jokesters that are paying over $20 million for a system. It actually looks like it may have been worth standing in line to pick one of these up because I know I could have found a place where 8-hours would have been plenty soon enough…and then I would be guaranteed to profit nearly $1,400! That’s almost $200 per hour that I would have made for standing in line. The 30 degree (Fahrenheit) weather doesn’t make that very appetizing though.

Now we’re moving on to the Nintendo Wii which is shipping on Sunday, November 19th. People who have reserved the system are selling their pre-order on eBay but it doesn’t even come close to the insane prices that the Playstation 3’s are going for. The Wii pre-orders look like they’re selling for $600-$1000 on average.

I just can’t get over how much people pay for a video game system. At a minimum price of $500 for the Playstation 3, along with the very low supply and high demand, I don’t think a lot of parents will be thrilled this year when kids ask for a new system for Christmas. Sony has had good timing to get this released in time for the holidays but there is no way that they will be able to keep up with the demand. I imagine that, much like the Xbox 360, the stores will be constantly stocked with these systems by February…so if you want one you should just sit tight and hold on to your wallet!

Thanks to MetaMan for reminding me to post about this!