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Reseller Makes $40,000 In Less Than A Week From Selling PS5 Consoles

Reseller Makes $40,000 In Less Than A Week From Selling PS5 Consoles

Many people have struggled to get their hands on a PlayStation 5, whether it's because they couldn't get the pre-order or they'd completely sold out in store upon release.

But not for one guy who has managed to make a massive profit reselling the consoles. He managed to purchase a number of devices and has spoken about how he did it.

Credit: PA
Credit: PA

It's worth noting for a start that the 22-year-old doesn't want to be identified and spoke to Business Insider under the name 'Mark F' - mysterious, eh?

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The fella, who is from the US, managed to bag himself 221 PlayStation 5 consoles by using bots and online purchases.

In the week he's been reselling them, Mark F has made himself an eye-watering $40,000 (£30,000).

Credit: PA
Credit: PA

Mark F has been advertising the consoles online with plenty of willing buying that are happy to part with over $1,000 (£750) - nearly double the retail price.

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But if you do some quick maths, you'll know that he still has a few more to flog before he's really making money.

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It's thought that, if he was buying the devices at retail price, he'd have spent upwards of $99,500 (£74,700).

He's not sweating though and is confident that he'll be able to sell the rest of the stick and, in turn, make a significant profit.

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Earlier this week, a UK-based reseller group spoke about how they'd accrued around 3,500 PlayStation 5s to sell at inflated prices.

A manager at CrepChiefNotify has revealed the group got its hands on just under 1,000 of the consoles during pre-sales in September, and a load more since they went on general sale on 19 November.

The manager, named Tom, explained that the group 'knew where to go before they announced it', and were 'watching all the sites for when they drop stock' and 'running bots for members to almost 100 percent guarantee at least one PS5'.

He added: "Bot developers have seen the demand rise for next-gen consoles and have changed their focus from being sneaker-focused bots into multi-use bots for electronics too."

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CrepChiefNotify is run by 12 employees and charges members a subscription for access to its services, which make it easier to purchase in-demand products, which can then be sold for inflated prices.

Featured Image Credit: PA

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Rebecca Shepherd

I'm Becky - a journalist at LADbible. I graduated with a First Class BA in Journalism before going on to cover criminal court cases, medical tribunals and breaking news for the national media - which inevitably and eventually became as glum as it sounds. Can often be found rocking a bag for life - which I made a 'thing' way before Rihanna. You can contact me at [email protected]