Speculators resold over 110,000 Xbox Series X and S consoles on eBay and StockX, earning over $ 14.5 million in net profit

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Last updated on August 11th, 2023 at 10:26 pm

Speculators resold over 110,000 Xbox Series X and S consoles on eBay and StockX, earning over $ 14.5 million in net profit

According to the latest data from Michael Driscoll, a data engineer from the Dev. to developer forum, 6.78% (113,220 pieces) of all Xbox Series X and Xbox Series S game consoles sold in the United States were resold by speculators on online trading. eBay and StockX secondary trading platforms. The amount of these transactions totaled $ 79.68 million, and the resellers’ net profit was $ 14.57 million.

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The commission of eBay, PayPal, and StockX in these transactions turned out to be $ 10.4 million. Driscoll’s tool for monitoring sales of game consoles allows you to track transactions only on eBay and StockX, so his statistics did not include transactions on sites such as the Facebook Marketplace. Craigslist and others. It is very likely that the total earnings of speculators are much higher than Driscoll said.

The enthusiast also shared the latest data on price dynamics and sales volumes of consoles. Currently, the average markup for each Xbox Series game console is 150% of their original price. Recently, the price of the Xbox Series S has increased by about 33%, while the price of the Xbox Series X has remained relatively stable.

Curiously, speculators’ actual sales of consoles have declined. If even before Catholic Christmas they sold almost 300 Xbox Series S consoles and 800 Xbox Series X consoles every day, today the combined daily sales volume for Xbox Series S and Xbox Series X for eBay and StockX is 100 and 300 units, respectively.

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