The PlayStation 5 is finally out and scalpers are already selling the new Sony console for well over its standard price, with some price tags stretching as high as $1700.
We just saw this happen with Microsoft’s new consoles, the Xbox Series X and Series S, so it’s not much of a surprise. The PS5 sold out the night preorders went live and it continues to sell out any time new preorders are available. You can’t buy a PS5 in stores right now unless you have a preorder for one either, so naturally, those chasing down the console are looking online.
Scalpers are taking advantage of this demand by selling the PS5 at prices two and three times the standard retail price. Here’s what eBay looks like today.
With Amazon seemingly not selling any PS5s right now, eBay seems to be where the scalpers are trying to sell their consoles. These third-party sellers are free to make the price whatever they want, which is why we’re seeing prices as high as $1749.
Meanwhile, official online retailers like Walmart, GameStop, and even Sony continue to announce that more stock will be available soon, though, and they’ll be selling the console for its standard price. Here’s where to buy a PS5 at launch, though the available stock remains elusive even on launch day. However, the guide is updated regularly with all the latest official retail listing.
If you’re left without a PS5 on its launch day, you should know that Sony has no plans to abandon its PS4 owners anytime soon. The company recently said that it will likely take three years to fully transition from PS4 to PS5. If you do manage to get a PS5 today, here’s how to transfer data from your PS4 to your PS5, and heads up: use a LAN cable to do that if you can.