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HUGE PS2 Shortage Confirmed

by Jack Mathews, Sep 27, 2000 3:41pm PDT
Related Topics – Sony, Hardware (PC only)

While there have been reports of preorders for PlayStation 2's being cancelled, CNNfn reports that out of the 1 million PS2's that were expected to hit the United States in October, there will only be 500,000!!! Sony will stagger shipments of 100,000 per week to compensate, allowing for 1.3 million by Christmas. This annoucement put a 9 percent drop in Sony's stock and an 11 percent drop in EA's stock.




Comments

72 Threads* | 154 Comments















  • As anyone who's taken any intro to economics class (much less an econ major like myself) could tell you, there's something wrong with this picture. On the very first DAY of PS2 availability, we see there's at least 1,000,000 people willing to pay whatever Sony's charging to get one (let's call it $250, cuz I don't know the real figure). Yet, Sony only has 500,000 of the things to sell at that price. Now from the consumer's standpoint (particularly for the ppl who won't get one), the ideal situation would be to just make more of the damned things, and I think that's what Sony would be doing if they could, so let's assume they can't. You're Sony, you've got this HUUUUUUUUGE demand for your product, and can barely meet half of it. What do you do? You raise the price! If Sony jacks the PS2's price up to $350, will a lot of ppl not buy it, at least not on preorder? Of course, that's the Law of Demand at work. The practical question in this particular situation is, will enough people choose to do without so that any of those 500,000 units don't get sold? If not, then do it!

    If I was a Sony shareholder, I'd be pissed too, cuz these guys are too stupid to raise the price on the goddamn thing! If the price was increased $100, and every unit still sold, that'd be $50,000,000 (yes, FIFTY MILLION) more in revenue!!!

    On the other hand, it sure is nice for consumers that Sony's never thought to hire an economist...

    MoNsTeR





















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    Sincerely,
    Maalox