The cost of gaming consoles has been on the rise since the pandemic began. The shortage of chips, production delays, and further lockdowns have pushed prices to new heights.

Many individuals are perplexed as to why console costs have risen so much and whether they will ever go down. We'll look at the causes behind the high pricing and what the future might hold for console sellers.

The pandemic has been hard on everyone, but it's been especially tough on the gaming industry. Console prices have skyrocketed due to several reasons.

The chip shortage has forced manufacturers to make difficult decisions about which products to produce. They've also had to contend with production delays and additional lockdowns

How Resellers are Profiting on Consoles

The Console wars are back in full force with the release of the PlayStation five and Xbox Series X. These new consoles are selling out as soon as they hit store shelves, leaving many gamers empty-handed and frustrated.

There's a lot of optimism surrounding the next generation of video game consoles, but there's also a lot of frustration. One of the major causes for this has been resellers.

Due to the depth of expertise in checkout processes, restocking dates, and timings, resellers have been able to purchase Xboxes before regular customers can.

Resellers have established a reputation, and we've helped our community develop an opportunity to lift people out of poverty and help them achieve their goals. Many of us have boosted our salaries, paid off significant debts, and opened new avenues for investment.

If you're thinking that it's too late to get into reselling consoles, think again! Intel's CEO has forecasted that the worldwide shortage of semiconductors will continue until 2024, according to Pat Gelsinger. Mr. Gelsinger predicted that console shortages would not stop until 2023. As you can see, consoles will be profitable for some time, and with new restrictions on high-production regions in China, we could see a rise in prices.

What Does the Future of Consoles Look Like?

The pandemic has pushed the gaming industry to new heights, and it doesn't seem to be slowing down anytime soon. With the release of new consoles and an increase in demand, we could see prices continue to rise. However, as more people enter the reselling market, we could see a decrease in profits.

It's also possible that manufacturers will find ways to increase production and meet demand. Only time will tell what the future holds for console resellers.

Console prices soared during the pandemic and continue to be a hot button item even as we enter the endemic phase. Factor in chip shortages, manufacturing delays, and additional lockdowns, and console prices will continue to be high for the foreseeable future.

How can You Get Consoles for Retail?

PS5 restocks are infrequent, and official announcements are rare. It's difficult to keep track of each new development. You might have to do it again soon if you refresh Walmart's website every six minutes.

On June 2, the major box store will release a fresh batch of PS5 consoles for paying Walmart+ members—anyone can join for the (not very) low, low price of $98 a year or $12.95 a month—as well as register to receive an invitation to purchase a PS5 directly from Sony when the company does a rare restock in the future.

Additionally, try these methods:

Join Discord servers

If you're on Discord, the proper server is just as valuable—and serves the same purpose—as a good stock alert site. Good places to look include any gaming servers.

Twitter Pages

Getting next-generation consoles may be aided by some Twitter accounts. They will just notify followers about fresh stock, but they will also notify users when PlayStation Direct or any other major retail restocks.

Use a Monitor

If you are a member of a reselling group, you may have access to a stock monitor. These helpful tools watch retailer's websites and will instantly notify you when new stock is loaded. For high demand products, monitors can give you a head start over other people rushing to purchase before stock is depleted.

All signs point to consoles remaining scarce and demand to be high. This lucrative flip will continue for the time being, and we can anticipate having a fantastic opportunity in this area as long as we can keep control of the market these elements will benefit us and you!

Until the next flip!