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Retailers sold out of both Sony’s PlayStation 5 and Microsoft’s Xbox Series X/S during their launches last week. Now, desperate gamers looking for a next-gen console are resorting to secondary markets like eBay, where the $500 systems have reached as much as $32,000.
Official launch sales likely won’t be known until the companies’ next quarterly earnings reports, but Sony reportedly planned on making 5-6 million PlayStation 5 units in the console’s first two quarters. Microsoft historically doesn’t tout console sales, but estimates suggest 1 million of the new units were pre-sold leading up to the launch.
Sony stock is up 44% year-to-date and Microsoft stock has grown 34%.
Notable Earnings Reports This Week:
11/16 — Madison Square Garden Entertainment
11/17 — Aramark
11/20 — Foot Locker, Hibbett Sports
