Andrew Francis Wallace/Toronto Star via Getty ImagesSummary List Placement
The PlayStation 5 is the big item this holiday season, and it's sold out everywhere.
Just as soon as retailers restock the console, it swiftly sells out. It's in such high demand, and such low supply, that a robust resale market has sprung up — the PlayStation 5 sells for nearly double at resale sites like StockX and eBay.
That combination of high consumer interest and high resale value had some people lining up for days at their local GameStop for a chance to buy the console on Black Friday, November 27.Tweet Embed:
I just want somebody to love me like these guys love the #Ps5.
They skipped Thanksgiving meal to camp outside of @GameStop for 24hrs in Norfolk.
They brought mattresses and bedding. Been here since 6am. Dedication. pic.twitter.com/lEkf2DuvAy
That's because GameStop guaranteed shoppers that every retail location would have a minimum of two PlayStation 5 consoles on what's typically the biggest shopping day of the year.
And the only way to guarantee getting one of those two consoles was by being among the first in line on Black Friday, which means lining up days ahead in some instances.
The first person in line at one GameStop location was said to have arrived on Wednesday afternoon:Tweet Embed:
I came to GameStop just bc I was curious if anyone was in line for the ps5 Black Friday launch... first guy has been here since Wednesday 3pm 😭#PlayStation5 pic.twitter.com/evvVrgcrL0
A mother and son in Denver brought a camping set up:Tweet Embed:
More #BlackFriday shoppers trying to get a #PS5. This mother & son have been camped outside of this Thornton #GameStop since 4pm Wednesday. Karen Morfitt & I with a preview of #HolidayShopping tomorrow - @CBSDenver 10pm. #COVID19 #BlackFriday2020 pic.twitter.com/91EM3PYMo7
With coronavirus diagnoses spiking across the US, and most major retailers pushing digital sales over physical, GameStop is a rare example of a retailer with long lines during the pandemic.
The company is only selling the PlayStation 5 on Black Friday at retail locations — not online. In some cases, customers waited in line for hours only to find out on Friday morning that the GameStop they were waiting at had just two PS5 consoles for sale.
"Waited for hours in the cold at @gamestop with about 30 people just to be told 'Oh hey guys we only have 2,'" one person said. "I stood outside GameStop since 3," another person said, "an then say they only got 2 ps5 an I was #7 in [line] I'm cry." Another person reported that their GameStop had seven PlayStation 5 consoles for sale, but 200 people were in line. And several people reported that their GameStop location had just one console despite assurances that each store would have at least two for sale.
GameStop representatives did not immediately respond to Business Insider's request for comment.
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