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Sony’s PlayStation 5 Is Beating Xbox in the Online Black Market
- Pre-orders for the new game consoles sold out quickly
- Vibrant resale market emerged online with sizable markups
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Sony Corp.’s PlayStation 5 and Microsoft Corp.’s Xbox Series X haven’t hit stores yet, but the video game console showdown has already begun in the online black market.
Demand for the PlayStation 5 on resale websites is outstripping that of the new Xbox, and shoppers are paying more to get their hands on the first run of products, market research shows. The vibrant market for scalpers offers a preview of next month’s contest when the two rival game companies will release their new consoles to a global audience with a seemingly endless appetite for home entertainment.