Increased demand for interactive entertainment in 2020 and a shortage of consoles due to logistics and manufacturing complexities have created an unusual situation for the video game market: a large resale market for PS5 and Xbox Series X consoles.It turned out to be earning tens of millions of dollars.
Oracle Data Engineer Michael Driscoll explored this issue in detail. Tracking sales of consoles on various sites, he concluded that cumulative sales exceeded $ 58 million since the start of pre-orders.
PS5 accounted for $ 34 million and Xbox Series X / S $ 23 million. Net profit from resale was an impressive $ 29 million. In short, on average, each console was resold at twice the price.
The study did not end there. Driscoll also analyzed the resale of RTX 30 series graphics cards and Zen 3 processors. He concluded that the video game entertainment resale market had reached $ 82 million in a year, 39 of which were net profit.
As long as PS5, Xbox Series X and new graphics cards are in short supply, dealers will continue to make money.