The bubble may be bursting for scalpers and resellers. As more and more scalper groups begin lowering thier prices.
PS5 and Xbox Series X/S stock is still ridiculously low, and scalpers are still a threat when it comes to restocks. But it now appears that scalpers and resellers are starting to feel the pinch of a recovering market.
Those hoping to buy a PS5 or Xbox Series X/S through legit means are gradually doing so, reducing their need to rely on scalper groups. Or even retail stores reselling pre-owned consoles for inflated prices.
This has caused scalpers and resellers to begin to lower their prices, suggesting that their bubble may finally be bursting. As we’ve said in the past, market stabilization is the key to defeating scalpers.
And now it seems like this process is starting to happen. We predict that as more PS5 and Xbox Series X stock arrives, scalpers will continue to be pushed out.
In fact, their position could become rather dire and may end up costing them more money than they’ve made. Scalper groups may find themselves unable to sell their console stock as it becomes easier to find by traditional means.
In time they’ll be priced out by regular retailers and need to either sell their stock at retail prices or at a reduction. This will not only prevent them from making a profit, but it could also end up costing them more in the long run.
How Much Are Scalper Prices Now?
While the price reductions are modest right now, $800 dropping to $700 from some groups. They do show that scalpers are taking action to move their stock quickly, and that they’re ready to settle for lower profits - before the jig is up for good.
This is why many scalpers, who still have stock to sell, will be keen to do so now. And before the market stabilizes fully, which it may do by summer.
For many scalper groups, buying and selling consoles hasn’t been the money maker they thought it would be. While some groups have been successful, others have failed spectacularly.
Figures showing how much PS5 and Xbox stock actually went to scalpers were telling. It showed they weren’t the criminal masterminds they like to portray themselves as.
Although some scalpers (rather hilariously) attempted to defend their actions. Claiming they were simply providing a valued service – and convincing precisely no one.
We imagine scalpers will become more of an annoyance over the next few months than a significant threat to the market. But many scalper groups will now need to seriously consider what they do next.
Do they continue to buy up stock, knowing that selling it on could soon become a very risky strategy? We’d advise them to get out of this game now.
If you’re still trying to secure a PS5, be sure to check our PS5 Stock Trackers for up-to-date information about the latest drops as they go live!