Scalper Makes $40,000 in Less Than a Week From Selling PS5 Consoles

Scalper Makes $40,000 in Less Than a Week From Selling PS5 Consoles

Given that Sony was caught off guard by the sheer number of gamers wanting to get their hands on a PS5, it was inevitable that some were going to be left disappointed when it came to snagging a console at retail prices.

Till now, some PlayStation 5 and Xbox Series S/X fans have not get their hands on the console’s, there are also those who have missed out because the demand for the next-gen consoles has been so high – which makes the existence of scalpers that little bit more annoying. Scalping is, as we’re sure you know, the process of buying stock of tech, clothes, or pretty much anything and then selling those items on for a higher price than RRP, making the seller a profit.

It has now emerged that one particularly greedy scalper in the United States managed to get his hands on a scarcely-believable 221 PS5 consoles. Charging nearly double their original price at $1,000 each, the individual involved is pocketing almost $500 each time he sells one.

In the last week alone, the scalper involved claims to have made nearly $40,000 by making sales at his inflated rate. Unsurprisingly, the man involved refuses to disclose his full name, insisting that he simply be known as “Mark F.”

Scalper Makes $40,000 in Less Than a Week From Selling PS5 Consoles

It is estimated that Mark has spent more than $99,500 in acquiring his PS5 stockpile, which he says he obtained via a combination of online purchases and bots.

Even when taking into account his significant outlay, if you multiply his profit per unit by the number of consoles in his possession, it quickly becomes apparent that he stands to make a tidy profit should he shift all of his hardware at its current price.

The highly sought-after nature of the PS5 at present means that you would not want to bet against him selling the whole lot before the festive season ends. 

A source from UK scalper CrepChiefNotify recently spoke about a surge in the use of bots to secure items such as the PS5 – a practice that has been prevalent in the shoe industry for years.

The source, identified as Tom, revealed that the group “knew where to go for stock before it was announced” and were “watching all the sites for when they drop stock” and “running bots for members to almost 100 percent guarantee at least one PS5.”

He continued: “Bot developers have seen the demand rise for next-gen consoles and have changed their focus from being sneaker-focused bots into multi-use bots for electronics too.”

The race to secure a PS5 was never going to be an easy one for gaming fans. However, the ever-increasing use of technology to try and rip off genuine consumers is a worrying trend.

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