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New Sold Out Xbox 360 Video Game Consoles on eBay
Reuters- Microsoft Corp.'s scarce new Xbox 360 has sold out at most stores with many new owners flipping the video game consoles by the thousands on Web auction site eBay Inc. for almost twice the retail price.
Big retailers, including Best Buy Co. Inc. and Target Corp., reported running out of Microsoft's next-generation game system at most, if not all, of their stores following its North American debut on Tuesday.
By Wednesday afternoon, 10,700 Xbox 360s had traded on eBay at an average price of $781, a spokesman for eBay said. The basic unit retails for $300. A premium package that includes accessories and a hard-drive that allows gamers to play existing Xbox titles costs $400.
An eBay search for the term "Xbox 360" returned nearly 27,000 listings. When sorted for items priced above $300, the number of listings shrank to just over 16,000.
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