To aid them in their reselling quest, they usually have some kind of software that will enable them to buy multiple units per second, ensuring that they get a large number of items even if lots of other people are clicking the buy button moments after launch.Īn example of this would be the beginning of the global pandemic, when Lysol wipes and face masks were in high demand. PS5 scalpers are people who buy up a lot of items that they predict will be in high demand soon, and then resell those items at ridiculously high prices. As new games come out that are only available on PS5, even those who don’t care about getting the newest console first will want to get one so that they can be entertained by the new games. Which means they want to consume more games as well, in addition to more consoles. Which means more wear and tear on machinery, leading to consoles and PC parts needing to be replaced more quickly.Īdditionally, since people are playing more often and for longer periods of time, they get bored of a game more quickly than they used to. More people play games for longer periods of time. Since people have been forced to spend more time at home for the last two years due to the pandemic, gaming time has seen an increase. But with the high hopes that the effects of the pandemic will be reduced over time, they may be planning to build and release many more units sometime next year, theoretically, once production costs decrease. They likely built these extra costs into their launch price. These increased costs mean that Sony makes less of a percentage from the sales of the PS5 than they would historically on a launch because they have higher production expenses to cover per unit. The Pandemic and Production Costsīecause of the pandemic, production costs have increased significantly, since it’s more difficult and dangerous for people to leave their homes and work their production jobs. This phenomenon could result in a secondary launch in which PS5s could be priced equally to the original launch or even more expensively, and because of FOMO (fear of missing out), everyone who’s been wishing they had one for months will likely be willing to pay the big bucks to finally have their own. Could this be by design from the marketing team at Sony? The more they see their friends and YouTube gamers and Twitch streamers enjoying their PS5s, the more they grow jealous and wish they had one. Since many PlayStation users weren’t able to buy the PS5 before the supply ran out, it is likely that the desire these people feel for the PS5 has increased. If these reports are true, why in the world would Sony reduce the number of PS5s they were able to sell in their first year? Reducing Supply to Increase Perceived Value The buzz around the gaming community is that Sony intentionally made fewer PS5s than they had evidence that they would be able to sell initially. Let’s take a look at each of the factors affecting the rising prices, and then you’ll be better able to decide for yourself whether you feel that the PS5 is worth the extra cost to you. The increased interest in gaming, along with manufacturers not being able to keep up with demand, has made the PS5 and other gaming consoles prime targets for resellers who are selling them oftentimes for more than twice the MSRP. Why is Playstation 5 so expensive? Playstation 5 is expensive due to a combination of factors, such as increased demand in light of the global pandemic, chip shortages, shipping disruptions, and widespread changes in gaming habits. It’s not surprising to see the price of each new console rise a bit above the last, but the price of the PlayStation 5 has risen beyond anything we’ve ever seen before. With technological advances and the social-limiting factors of the pandemic, gaming has become a bigger industry than ever over the recent years. Why Playstation 5 Is So Expensive | Top 8 Reasons
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