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Submitted by Rowland 2653d ago | news

UK Nintendo Wiis Are Selling Cheap On EBay

A HUGE supply of the smash-hit console Nintendo Wii has hit British shops - sending prices tumbling.
Hundreds of small-time dealers are thought to be losing fortunes through an online bidding crash after thousands of units suddenly became available.

Some "shrewdies" at eBay stores believed they would make a killing by buying in as many Wii units as possible, hoping to double their cash through online bids by desperate parents. But now, units selling in Argos and Currys for £230 are going on eBay for as little as £147.

Market analysts last night described the reversal in fortunes for consumers"something of a Christmas miracle". One added: "All the signs were that theWii supply would not meet the demand.
"People have stocked up on them hoping a deluge would force up the price. But the opposite seems to be the case." (Industry, Wii)

wiizy  +   2653d ago
lol
nice .. wii about to take over europe for good now..
rbanke  +   2652d ago
'Hundreds of small-time dealers are thought to be losing fortunes through an online bidding crash after thousands of units suddenly became available. '

Cry me a river, They wanted to play capitalism to their advantage and rip off consumers by overcharging for the wii. The saying 'taste your own medicine' comes to mind.
Alvadr  +   2652d ago
All I have to say is.. HA HA HA.

I sold my Wii at the beginning of Dec, just at the right time. I was so happy that I made a profit on a console I bought 12 months ago.. Cashback!
Lumbo  +   2652d ago
Serves them Ebay vultures right. Seems Nintendo did the right thing and stuffed the retail outlets with wii units to kill the greedy market bullies.
jinn  +   2652d ago
Europeans are already bored from it, good idea to sell it now
ReBurn  +   2652d ago
Sounds a lot like what Sony did with the PS3 in the US last Christmas. They resupplied a week or so before Christmas and people's dreams of quick cash went up in smoke. I think it's hilarious.

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