PlayStation 5 sells for three times its retail price in China due to pandemic-related shortages

The PlayStation 5 does not have a release date in China yet, but scalpers are already accepting pre-orders for for US$1,500 to US$2,000. Consoles are not nearly as popular as PC or mobile gaming in China, but avid gamers are eagerly awaiting Sony’s next-generation device. — SCMP

Just two days ahead of the initial launch of the PlayStation 5, Sony Corp’s highly anticipated next-generation video game console, scalpers in China are already taking pre-orders with the price set at more than US$1,500 (RM6,184) per unit, three times the retail price.

The PS5 officially goes on sale on Nov 12 in six markets, including North America and Japan, with launches elsewhere on Nov 19. But China did not make the cut for either release, owing to a tightly regulated gaming market that has long kept games and consoles out of the country or resulted in late releases.