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Amazon sells out of the NES Classic Edition in less than a minute

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Re: Amazon sells out of the NES Classic Edition in less than a minute

#101

Post by shapov »

bduerst wrote: post #37
AndrewKemendo wrote: post #3

Clearly thousands, if not hundreds of thousands, of gamers were sitting on the product page hammering the F5 key and some random selection thereof got their wish. I highly doubt that. My guess is that third party resellers used bots to purchase them all. Why wouldn't tc come to the same conclusion? Edit. yep here's one on eBay for $500+: http://m.ebay.com/itm/New-Nintendo-NES-Classic-Edition-Conso...

This is 100% drop shipping.

That is not at all what drop shipping is.

  Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer

Re: Amazon sells out of the NES Classic Edition in less than a minute

#102

Post by cpeterso »

km3k wrote: post #74
gohrt wrote: post #55

Earlier quoted context omitted.

What was the "Atari, Intellivision, Colecovision" retro-release? Seems like a newish phenomenon due to falling cost of production. Objectively, (if you put a complete novice kid in front of a console), NES and SNES's good/great games are the best.

madengr is right, the Atari ones have been available since 2004. They've put out a new version of it every other year or so. This year is their 7th version of the Atari Flashback. https://www.amazon.com/Atari-Flashback-7-Classic-Game-Consol... There's ones for Intellivision ( https://www.amazon.com/IntelliVision-AtGames-Flashback-Class... ) and Colecovision ( https://www.amazon.com/ColecoVision-AtGames-Flashback-Clas…

And there's been a Sega Genesis Classic Game Console (with 80 games) since 2012 or so.

https://amzn.com/B01KV6E72O

Re: Amazon sells out of the NES Classic Edition in less than a minute

#103

Post by jerf »

mrfusion wrote: post #89
paulgerhardt wrote: post #82

Earlier quoted context omitted.

It's not my book. I'm just citing sources because I was very incredulous when I heard this is common practice. It only works if you have THE hottest toy of the season - something like a product from Star Wars for instance - you create intense demand for the product but limit availability. Simultaneously you provide alternative, inferior substitute product(s) in the same franchise that's less desirable. The parent HAS…

Thanks for explaining. So what is the inferior product in this case ?

In the toy store case, it's whatever the parents settle for.

Since, as you are implicitly observing, Nintendo itself doesn't have one available, I would agree with your implicit argument that this effect probably doesn't apply here.

But it's still at least an interesting thing to learn about. It really recontextualized some things from my childhood, and forced me to reconsider the fact that sometimes, yeah, it really is a straight-up conspiracy. I mean, yes, there's a danger in reaching for that explanation too quickly, but on the other hand, you can't dismiss it out-of-hand either.

Still, in the absence of an obvious "part two" for Nintendo, I would expect that Nintendo has simply had a hard time calibrating demand for this product. I don't blame them, because it seems like I've certainly seen things that the Internet seems to go gaga over, but nobody actually buys them in any quantity. There's a huge amount of variance I'd expect from their analysis; this could sell anywhere from half as well as the original Nintendo to "a couple thousand units".

Re: Amazon sells out of the NES Classic Edition in less than a minute

#104

Post by edsouza »

zizee wrote: post #61
kbenson wrote: post #15

Earlier quoted context omitted.

Episode 724: Cat Scam[1] 1: http://www.npr.org/sections/money/2016/09/14/493810206/episo...

As a side note, that episode left me wondering why the original seller didn't open their own eBay store, listing the product at their desired price. I would have thought it would have effectively undercut the resellers and gain a large portion of the sales on eBay. Another note, Planet Money is pretty much my favourite "always on"* podcast. An podcast about economics might sound dull to some, but what a lot (maybe no…

The original seller did [0]:

  This summer, Ruckel tried a new approach: He put his own product on eBay and titled it “All other eBay sellers are fake.” A few weeks later, he stumbled upon an eBay listing with a familiar title. “All other eBay sellers are fake,” it said. It wasn’t his, of course.
[0] https://www.entrepreneur.com/article/278622

Re: Amazon sells out of the NES Classic Edition in less than a minute

#105

Post by corysama »

Retric wrote: post #84
mrfusion wrote: post #68

Why doesn't Nintendo just raise their prices to where supply equals demand? They're leaving So much money on the table for scalpers. Or why not first release an expensive limited edition while they scale up production?

Bad press.

Yep. It would be very bad for the brand if the device came out at a very high price initially.

Nintendo has to pick a price for the long term, ship with it and stick with it. Short term profit opportunities would have a very large long term cost.

Re: Amazon sells out of the NES Classic Edition in less than a minute

#106

Post by a_bonobo »

AndrewKemendo wrote: post #3

Clearly thousands, if not hundreds of thousands, of gamers were sitting on the product page hammering the F5 key and some random selection thereof got their wish. I highly doubt that. My guess is that third party resellers used bots to purchase them all. Why wouldn't tc come to the same conclusion? Edit. yep here's one on eBay for $500+: http://m.ebay.com/itm/New-Nintendo-NES-Classic-Edition-Conso...

In Australia, the NES Classic Edition came out on Thursday - the physical copies at Target etc. too were sold out in minutes, too. Some of the Facebook comments said that their local shop only got a few boxes which were gone mmediately: https://www.facebook.com/NintendoAUNZ/videos/714922218664914...

As usual, Nintendo doesn't get their customers and is completely unprepared.

Re: Amazon sells out of the NES Classic Edition in less than a minute

#107

Post by nommm-nommm »

eridius wrote: post #31
DanielleMolloy wrote: post #20

Earlier quoted context omitted.

Also this year's Fire Emblem Limited Edition (really frustrating, the box is excellent – they are now sold for at least 2x the original price) and probably any 3DS special edition. But consumers with too much money are also helping this "economy" with their purchase decisions. That eBay NES Classic in the parent comment was just sold for $610, more than 10x the retail price, and there are many other offerings. Just t…

It's worth pointing out that "sold" doesn't actually mean the buyer has any intention of paying. It seems fairly common in this scenario for people to put fake bids on products like this for whatever reason. And the winner in that particular action has a 0% positive feedback rating, which doesn't exactly inspire confidence.

While this does happen once in a while it's not as common as you make it out to be. I resold Chewbacca masks[1] during that hype for an obscene markup and everything I sold was a real transaction. I sent the masks, got paid, everyone was happy. But really, people paid and they sold fast, within the hour.

https://en.wikipedia.org/wiki/Chewbacca_Mask_Lady

Re: Amazon sells out of the NES Classic Edition in less than a minute

#109

Post by scintill76 »

shapov wrote: post #101
bduerst wrote: post #37

Earlier quoted context omitted.

This is 100% drop shipping.

That is not at all what drop shipping is. Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer

It's not possible that today's buyers are having them shipped to their own customers? Maybe somebody set up preorders with bots to hit Amazon to fill the orders. Or found a way in Amazon's system to reserve the item but delay shipping until they get the destination address and collect their markup.

Re: Amazon sells out of the NES Classic Edition in less than a minute

#110

Post by nommm-nommm »

savanaly wrote: post #99
AndrewKemendo wrote: post #3

Clearly thousands, if not hundreds of thousands, of gamers were sitting on the product page hammering the F5 key and some random selection thereof got their wish. I highly doubt that. My guess is that third party resellers used bots to purchase them all. Why wouldn't tc come to the same conclusion? Edit. yep here's one on eBay for $500+: http://m.ebay.com/itm/New-Nintendo-NES-Classic-Edition-Conso...

Just because you found one for sale on ebay doesn't prove the part about the bots at all...

https://www.reddit.com/r/Flipping/comments/5ba7x3/nintendo_n...
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