Ps5, Xbox Series X Scalpers Have Made Close To $50 Million So Far

PS5, Xbox Series X Scalpers Have Made Close To $50 Million So Far

Due to the popularity of the PlayStation and Xbox brand, it’s not surprising that when the PS5 and Xbox Series X consoles were released there was a rush to buy them. As it would be understandably impossible for Sony and Microsoft to meet this onslaught of demand, naturally this would result in temporary shortages.

These shortages have since been taken advantage of by scalpers who are buying the consoles and reselling them at pretty much a 100% markup (if not more). Now according to data engineer Michael Driscoll from dev.to, he was curious to see how much these scalpers have made and he put together a program that scrapes information from platforms like eBay to get an idea.

Expenses For Tokyo Games About $2.5 Bil. So Far

Expenses for Tokyo Games about $2.5 bil. so far

The Japanese government says the amount it has spent directly related to running the 2020 Tokyo Olympics and Paralympics has so far reached 277.7 billion yen, or about 2.5 billion dollars.

The figure is for the period starting in fiscal 2013, when Tokyo was selected as the host city, until fiscal 2020 beginning in April.