Camping out for cash
The new Sony PlayStation 3 hit the stores last month amidst production problems, disappointing reviews and plenty of competition. Somehow it’s still managing to be one of the most highly demanded items for the holidays.
Wal-Mart electronics associate Jeff Fail said his store only had 10 consoles on the November 17 release date and sold them immediately.
“The manufacturers didn’t have their ducks in a row,” he said.
It was a similar story at Toys “R” Us on North Broadway Street in Kansas City. The store only received six consoles from Sony, according to electronics associate Adam Grossman, four which cost $600 and had 60 Gb of memory, and two which cost $500 and had 20 Gb of memory. Grossman said that over 100 people showed up hoping to wait in line for a PlayStation.
Leavenworth senior Blakely Henshaw and Austin, Texas senior Dustin Smith were two of the first six in line, but they had no intentions rushing home to try out the new systems. They’d already listed the $600 60 Gb PlayStation 3 on eBay with bids closing out at $2,100.
Henshaw and Smith said they talked with employees about their plans to make profits on eBay while they were waiting in line. The next day when they went into the store to claim their purchase, they said they were told that they would be getting PlayStations with just 20 Gb instead of the 60 Gb they’d been promised. Smith said he thinks that an employee took the 60 Gb PlayStation that he was waiting in line for. He had to contact the buyer on eBay and let him know about the mix-up and is now trying to sell the 20 Gb for $1,000. He and Henshaw contacted the Toys “R” Us corporate office to complain about the situation.
“I had it set up so perfectly,” Smith said of the eBay auction, “ending at the right time and everything. I’m pissed.”
Electronics associate Adam Grossman confirmed that there were originally four 60 Gb Playstations but said he didn’t know about the situation involving Smith and Henshaw.
“I’m not saying it didn’t happen, but I haven’t heard about it,” he said.
The stores don’t expect any more units in time for Christmas, leaving many to shop on eBay. Over 25,000 PlayStations are listed on the site, ranging in price from just under a thousand for most 20Gb units without accessories to $50,000 for Santa Clause himself to deliver a 60 Gb unit.
The large resale market may stem from the success many had last year reselling the Xbox 360 after its release in November 2005. Overland Park senior Dan Ryckert bought an Xbox 360 for $400 and resold it for $750 on eBay.
“I was in the line for the 360 and most of us were keeping it…but people that did eBay it made big profits, so everyone was like ‘whoa, hey, let’s do this,’ so they waited for the PS3 but there were so many more people selling the PS3 than the 360 and it brought down the price,” he said.
Despite the disappointment of less than expected profits, Henshaw and Smith said they’d camp out again if given the opportunity.
“It’s a good way to spend a night and make some money,” he said.
He’s not quite ready to forgive the employee that he thinks took the last 60 Gb PlayStation 3 though.
“I’m trying to get that guy fired,” he said. “because it’s illegal what he did.”