Originally posted by Smasandian
I said its a combination of things."It's a combination of lack of semiconductors, bots, pandemic and huge demand."
If supply was not an issue, there wouldn't be a huge secondary market. Scalpers only exist when the demand is very high. For example, Toronto Blue Jays were terrible for a decade, ticket prices were stagnant and you can buy a ticket 5 minutes before the game started. You went to scalpers to get tickets at a discount....
And then they become good, really quickly and everybody wanted tickets. Tickets were 50% off from scalpers at the start of the season...and by the end, they were selling normal seats for $2000.
Same thing with consoles....that's why you see huge markup at console launch and usually, by the end of the year, you can walk in and get a console easily.
That's not happening because the supply is so small. Bots do make it worst...100% percent but this whole situation is due to a combination of many factors, most importantly, the lack of chips.
Right. the lack of something creating limited supply that gets bought up even faster by S C A L P E R S. The consoles need to be physical buys from here on out to avoid them.