Japanese PS3 On The Grey Market
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November 13th, 2006
If you didn’t manage to get a PlayStation 3 in Japan over the weekend, you can buy a “used” one from $1,200 to $1,500. Apparently this was a business plan for many, they paid homeless people to queue in line on their behalf, then secured a number of consoles, and are now profiting big time. According to Kotaku, some Japanese business men hired poor Chinese people to wait in line. None of this comes at a surprise, a low supply plus high demand equals high prices. Expect a similar situation in the US in 4 days, albeit the much larger amount of console available.
According to videogame magazine Enterbrain, Sony sold 88,400 PS3 units in two days, of which 62% were the high end model (60 GB).
Read (BBC News)
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