The launch of this new generation of consoles by the hand of Xbox Series X and PS5 has been a mess as far as stock is concerned, due to the COVID pandemic, the shortage of chip to build the consoles has been strongly noticed in the industry and players. As a result, many individuals and retail stores have tried to procure units for resale, where Xbox Series X prices remain high while PS5 prices are down 30%.
As detailed by the medium ForbesHowever, the shortage of consoles around the world has meant that Xbox Series X maintains a relatively high resale price, in contrast to PS5, which has fallen 30% from its peak. This, having collected secondary market data courtesy of StockX. Due to some analysts, This whole problem of chip shortage will continue until at least 2022, so you will have to be patient to purchase a console.
Xbox Series X resale prices remain high while PS5’s down 30%
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As the outlet details, Xbox Series X started with an incredible resale price of $ 750- $ 800, subsequently dropping in July to $ 600. However, last month it has risen again, as the average price for an Xbox Series X at the moment is $ 725. According to StockX Senior Economist Jesse Einhorn, the reason behind this increase may be due to the fact that there were fewer restocks of Xbox Series X compared to PS5, and as a result of their relative scarcity, prices have risen.
Everything seems to indicate that this unfortunate scene will not go away until at least the middle of 2022, in a world that has seen tremendously affected by the shortage of workers and raw materials to make the components. We will have to be patient and wait for everything to improve in order to have a more normal stock.
Last updated on 2021-09-13. Prices and availability may differ from those published. SomosXbox could receive a commission for your purchases. More information.