PS5 and Xbox Series X speculators already in the crosshairs of UK politicians.
A group of British ministers has called for legislation to prevent PS5 and Xbox Series X / S speculators from reselling the consoles for “great profits.”
Six Scottish national parties met this Monday for a legislative proposal to “prohibit the resale of consoles and PC components at prices well above those recommended by the manufacturer.” These motions are proposed by members of parliament are to discuss and suggest interest, but this Monday’s was signed by 15 Members of Parliament, who call on the British government to make the use of automated bots illegal.
Parliaments affirm that Proposals similar to the resale of vouchers / tickets should be accepted, which must be transparent regarding their identity and specific sale. The motion states: “New consoles and components must be available to all customers at a price no higher than that of the manufacturer, and not be purchased using automated bots that many times buy more than the maximum price per customer. “Banning these bots” would deny unscrupulous sellers from getting huge amounts of money at the expense of genuine customers and PC users, while avoiding cybercrime. “
With the current availability of PlayStation 5 and Xbox Series X / S, in practically all the places failing to satisfy the demand, the Next-gen console profiteers have amassed a massive amount by selling them at extorted prices on sites like eBay, where a significant number of consoles have been sold for more than double the price in store. A recent study has suggested that these “speculators” have already made more than $ 28 million in profits from consoles.
According to Michael Driscoll’s study, the median sales price for Xbox Series S (€ 299) on eBay was $ 469, and Xbox series x (€ 499) of 865%, generating more than 9 million dollars in profits. In the case of PS5 Digital (€ 399) has had a resale price of $ 937, while PS5 with reader (€ 499) of $ 1,021, thus generating $ 19 million. It has been suggested that PS5 and Xbox Series X / S have stock issues because as soon as units go on sale these groups deplete everything with bots.
The bots automatically notify when units are back in store, automating the purchase process before it can be done in a human way. But it is not something new, sneaker and ticket collectors use similar tools, which generates, in short, a general problem.
The group of speculators who bought 3,500 PS5 has thousands of members, technical means and no regrets
For now, it seems that the problem will lastAs the UK will not receive any more stock for UK stores until 2021. As for our country, there are no new units notified yet.did you get any of the PS5 or Xbox Series X / S last time?
Source: Video Games Chronicle