The Decline of the PS3 Grey Market

Kotaku has a great piece up looking at trends over time in the PS3 grey market. Michael Fahey has been tracking the falling prices for Sony's new console, via sales on eBay and other markers. He called around to stores as well, getting a feel for the number of returns and current availability of the console. His conclusions: "As it turns out my gamer instincts and the threat of hordes of angry readers steered me clear of potential disaster. Aside from a couple brief spikes, there is no way I'd have been able to pull off the television, and I know damn well I would have waited for Christmas like so many others did, only to lose even more. The moral of this story? There's no such creature as a sure thing. The majority of eBay prospectors walked away from this experience with that lesson burned into the back of their brains. My suggestion for the future? If you want to gamble, go to Vegas. If you want to invest, try mutual funds. Leave the video game system buying to the gamers. We'll all be happier for it. "

Comments

Re:Wii on Ebay

[j35ter]

Exceptional people deserve to be rewarded for their talent, intelligence, and efforts, not brought down to the level of people who toil at menial work and still expect easy access to everything they want.

Cut the crap! This type of @"Come First, Serve First" predatory capitalism is the reason many people in the world simply hate westerners.
You guys brought us 9/11, Madrid, London,...
The fact that someone has more money than the other, just means that he had more luck (genes,family,education,...). Rarely is it a sign of superiority.
Although I agree that most "stupid" ones end up poor, I think that your comment just shows how "exceptionally" wrong you are!
OTOH heads like yours roll first, when the poor decide that enough is enough -- Viva la Revolution! :P