Even Playstation S Jim Ryan Has Had It With Scalpers
Within three months of the launch of the PlayStation 5, data engineer Michael Driscoll estimated that scalpers owned 10 to 15 percent of all the PS5 consoles in the US and had raked in an overall profit of $43.2 million by hiking prices, often more than double the suggested retail price. And it’s not just the US that is having a problem with scalpers. In the UK, members of Parliament began looking at ways to inhibit the unscrupulous entrepreneurs, with one member stating that scalping “doesn’t give the ordinary customer fair access to the market....