Here's what I think:
Consoles are only released every once in a blue moon, so there's not a lot of precedent to divine trends and whatnot.
The NES and Genesis came out to little fanfare at all, especially with NES rolling out slowly across the country. (those were darker times). The SNES was a big ticket item, but people found them with little trouble. The Saturn had their bizarre suprise launch (one of the most amazing stories in gaming) and so people were caught flat footed, but could find one anywhere they wanted. The playstation was an unknown and the underdog to the N64. People could find one anywhere on launch day.
Now, the N64 was the first console I recall having limited availability. It's limited availability was due to it being one of the hot toys for kids that christmas. Parents had to look around for one, but it could be found easily enough.
The playstaiton 2 was the first console to reach fever pitch when it came to getting one on lauch day. It was a zoo. It was a perfect storm of factors that led to it being in high demand and short supply. Some of it was Ken Kutaragi's obscene hype. Part of it was the aging fan base who suddenly had a lot of money. Part of it was the burgeoning internet which allowed more hype to be built around it. Part of it was the unit doubling as a cheap, subsidized dvd player, (the console had the worst game attach rate of any console, but a ridiculously high DVD attach rate. Especially with The Matrix.) But mostly it was due to a dramatic scarcity on the part of Sony due to poor manufacturing yields. In short, the narrative was "this thing is going to be big, and there are only going to be a few". That bought about the first instances of "flipping consoles", It was the dot com bubble and ebay was new and newly famous. Stories of people paying multiple times what the console was worth became common.
The next console launch, xbox and then PS3, saw people standing in line and trying to get day one consoles BECAUSE OF THE PLAYSTATION SITUATION. Few people if anybody profited the way the playstation flippers did. Instead of making hudnreds or thousands of dollars on flipping units, they made maybe 100 bucks.
Even the wii, which was the cloest thing to PS2 hype we've seen, was sold for only a few dollars over the cost of a new unit. I think I payed 50 dollars over cost for mine, to get it day one.
So... in summary, I absolutely do not expect anyone to make any money flipping consoles this generation.
1) They're not a big toy item this christmas.
2) There's not a lot about them that people actually want to play.
3) Wii U has the software this holiday and is significantly cheaper.
4)All 3 publishers are pushing good hardware at the same time, which means there is more aggregate supply than there has ever been for a console launch.
5)We live in an age where people are just as likely to want iPads and the like for christmas as they are consoles.
All the "flipping consoles" business is due to the Playstation 2 and that was a phenomenon that we are not likely to see ever again.
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