With at least 40,000 Xbox 360s sold on eBay since launch at an average price of well over $400, many consumers who might have been able to obtain an Xbox 360 for the standard retail price were left empty-handed, while those with deeper pockets and less tolerance for hours-long launch lineups obtained the console with relative ease.

In some cases, small local electronics retailers chose to list their entire inventory on eBay rather than sell the units on launch day. This allowed them to exploit high demand for the console without being constrained by little details like the advertised price.

Posted: 12|4|05 at 10:32 am. Filed under: Auction News.