UK Scalper Group Eats Up PS5 Stock
Published November 24, 2020 | 556 views
Scalpers buy items that are in demand and resell at a profit. It is therefore not surprising that a prominent UK scalper group has scooped most of the readily available stock of the most in-demand tech item in the world, the PS5.
The group ‘crepchiefnotify’ claimed that their members have purchased 3,500 PS5 consoles. This reportedly could have been higher but for the fact that the stock ran out. As demands rise further, Scalpers have only got richer.
Creating A Monopoly
The Scalpers are very organized using bots that will circumvent online wait time. They jump queues and complete transactions faster than an ordinary consumer could. Leaving the general paying customer without a new console on launch day.
This act limits the number of PS5 units on the market leaving themselves as the only supplier. Thus, due to the invented monopoly and high demand, they sell at a higher price almost doubling the cost price.
This keeps the console out of the reach of customers as we head into December and there are no signs that scalping is going anywhere anytime soon. It remains to be seen how Sony will protect it’s consumers when the next batch of PS5 stock will be released in December.
With most children looking forward to their Christmas gift. We plead on their behalf that Sony protects their gift from the cold hands of the Scalpers when the next batch arrives.
So that’s our rundown on the recent news regarding the PS5 scalping craze. Did you manage to get a PS5 on launch day? What do you think about the scalping craze? Is this a necessary evil for any console launch? Let us know in the comments section below. Plus, if you like this content, then check out our piece on Cyberpunk 2077. Or alternatively, you should check out our Age of Calamity piece. Thank you for reading The Great Gamers!