Speculators resold over 110,000 Xbox Series X and S consoles on eBay and StockX, earning over $ 14.5 million in net profit

Speculators resold over 110,000 Xbox Series X and S consoles on eBay and StockX, earning over $ 14.5 million in net profit


According to the latest data from Michael Driscoll, a data engineer from Dev.to developer forum, 6.78% (113,220 pieces) of all Xbox Series X and Xbox Series S game consoles sold in the US were resold by speculators on online trading. eBay and StockX secondary trading platforms. The total amount of these transactions was $ 79.68 million, and the resellers’ net profit was $ 14.57 million.

The commission of eBay, PayPal and StockX in these transactions turned out to be $ 10.4 million. Driscoll’s tool for monitoring sales of game consoles allows you to track transactions only on eBay and StockX, so his statistics did not include transactions on sites such as the Facebook Marketplace. Craigslist and others. It is very likely that the total earnings of speculators are much higher than Driscoll said.

Dynamics of the change in the percentage of mark-up for game consoles Xbox Series X | S

Dynamics of price changes for Xbox Series X and S consoles

The enthusiast also shared the latest data on price dynamics and sales volumes of consoles. Currently, the average markup for each Xbox Series game console is 150% of their original cost. Recently, the price of the Xbox Series S has increased by about 33%, while the price of the Xbox Series X has remained relatively stable.

StockX data

Sales data on StockX

Curiously, speculators’ actual sales of consoles have declined. If even before Catholic Christmas they sold almost 300 Xbox Series S consoles and 800 Xbox Series X consoles every day, today the combined daily sales volume for Xbox Series S and Xbox Series X for eBay and StockX is 100 and 300 units, respectively.

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