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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

#181

Earlier quoted context omitted.

I was doing this (refreshing). I had the Amazon app open on my phone and the website on my MacBook. I added it to my cart from the app at approx 14:00:01 ET, and by the time I clicked the cart and then checkout I got an error message saying the item was sold out. I was so pissed that this happened, because I had been planning to follow this diligently since the day it was announced, and I had no less than 3 calendar…

My gf just got one at Best Buy. They seem to have plenty.

No robots there yet?

(Probably those Aibos are not to be trusted with cash.)

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

#182
post #112

Earlier quoted context omitted.

I think they know exactly what they're doing. Selling out in minutes causes news stories, and here we are.

Doing things for press coverage in order to get an increase in future sales is a great idea for a startup with limited marketing funds, but Nintendo aren't exactly in that position. The fact is Nintendo failed to supply a sufficient amount of their product, and that has created a demand in a secondary market. All of the profit generated in that secondary market would have gone to Nintendo if they'd managed their supp…

> All of the profit generated in that secondary market would have gone to Nintendo if they'd managed their supply properly.

Untrue. The secondary market is currently selling units at a huge markup. I don't think we have a great indication at the moment on how fast the secondary market is moving; it's possible that, whilst Nintendo might have undervalued demand, the resellers are overvaluing it. As others point out, this also helps drive demand to an extent - it's a phenomenon Apple appears to take advantage of from time to time.

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

#183
post #112

Earlier quoted context omitted.

I think they know exactly what they're doing. Selling out in minutes causes news stories, and here we are.

Doing things for press coverage in order to get an increase in future sales is a great idea for a startup with limited marketing funds, but Nintendo aren't exactly in that position. The fact is Nintendo failed to supply a sufficient amount of their product, and that has created a demand in a secondary market. All of the profit generated in that secondary market would have gone to Nintendo if they'd managed their supp…

Some sort of "exponential decay" pricing by the manufacturer would probably be very much frowned upon.

They lose nothing monetary.

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

#184
post #149

Earlier quoted context omitted.

There's a distinct difference between blaming scalpers for a general shortage of supply and holding them accountable for detestable profiteering behavior. The point of bringing up the 15c instance was to highlight the apparent assumption that manufacturer supply always trend consumer demand. A large portion of the user community knew in advance that the 15c would be limited release...but so did scalpers as hundreds o…

> Furthermore, scalpers have nothing invested in the creation of the end-product, nor do they ever intend to use it, nor is there any value added to their super-inflated relist price, nor do they share in the business risk of bring the product to market. They've added a lot of value for people who really wanted the console to the extent that they were willing to simply pay $600 for it. Those people can now buy the co…

> They've added a lot of value for people who really wanted the console to the extent that they were willing to simply pay $600 for it. Those people can now buy the console rather than having to dick around with the limited supply and hope they were lucky.

There is no value added when product scarcity is artificially promulgated by scalpers with no end-use intent. You've made the assumption that the supply status quo would exist without scaplers actively exploiting the market en masse, and I beg to differ...the difference is, as of this minute, I can point to over 5,600 reasons on eBay US alone[1] that support my argument.

You've clearly defined the value added in importing a product to a market where it's not normally sold: work which directly increases product availability. Scalpers do neither and instead play an unaccountable game of double penetration: first by creating artificial scarcity in the market, then again by immediately relisting at 10-fold markup within the very same market they've negated.

> We're talking about a videogame console here - and not even a value-for-money one, it's been a gimmick from the start.

Irrelevant. You are, of course, entitled to your own valuation of the product. Nintendo--who has made real investments in and rightfully owns the IP rights to--on the other hand, has clearly valued it at $60 for its end user, profit markups at the OEM and authorized distributor levels included. Scalpers do nothing more than profiteer, costing legitimate end users a proverbial shit ton more to acquire, and soiling the public image of a company which clearly intended to do well with its end users. On that note, I'll gladly take the time to piss all over the corn flakes of scalpers, the true root cause of this problem.

[1] http://www.ebay.com/sch/?_nkw=nes%20classic%20edition

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

#185
post #93

Earlier quoted context omitted.

Traditionally, toy companies will have a "tent pole" item they hype up and sell out of before Christmas (originally Cabbage Patch Kids but later on Elmo, Wii, etc.) This forces parents to less desirable accessory products for Christmas. Mysteriously after Christmas the tent pole item is in stock. Eric Clark's book "The Real Toy Story" goes into the origin of this and other trends [1]. Nobody is really wild about the…

Actually what really happens is that store managers have to decide what to stock in May, seven months before Xmas. Source: I was manager at a large store.

The NES classic was announced in July, though. Would retailers have been given some advance notice under an NDA, or is this an exception?

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

#186

Earlier quoted context omitted.

How do you know that people are doing this with your VMs?

Jeez put away the pitchforks. Many providers offer support, too and therefore would have a relationship with the customer.

I didn't see any pitchforks, it was just a question.

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

#187
post #121

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Reminds me of why I still prefer brick and mortar. Yes you may have to camp out, but it definitely has a better success rate than trying to compete against machines.

> it definitely has a better success rate than trying to compete against machines. For now ... ¬_¬

Real life bots: http://www.businessinsider.com/people-in-pasadena-are-paying...

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

#188
post #144

Earlier quoted context omitted.

The goal is to resell the stuff. Those traders are just gambling that the resell price is higher than the original price.

It's the first time I saw "snipers" in this context. "Sniper" is the name we use in Poland for scripts set up to bid at eBay-like auctions. They are the reason I never buy anything from an auction (where I have to bid), and I stick only to buy-now, retail offers. It's because on any auction it's guaranteed that there is always some schmuck that will outbid you by 1¢ at the last microsecond with a sniper script. Proli…

Its a flaw in the auction design. A simple rule as the closing time will be extended by x minutes after the last bid would solve this.

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

#189

Earlier quoted context omitted.

How do you know that people are doing this with your VMs?

My question exactly. Will need to ensure I don't ever use OPs service

People call on the telephone and discuss their plans, requirements, and business models before signing up. Often, once they are customers they may discuss with us ways to optimize. We check in from time to time and often they call us about their upcoming efforts to see if we have input. Of course there are some that we don't hear from at all, but whose web site at their email domains clearly spell out their businesses.

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

#190

Earlier quoted context omitted.

It's the first time I saw "snipers" in this context. "Sniper" is the name we use in Poland for scripts set up to bid at eBay-like auctions. They are the reason I never buy anything from an auction (where I have to bid), and I stick only to buy-now, retail offers. It's because on any auction it's guaranteed that there is always some schmuck that will outbid you by 1¢ at the last microsecond with a sniper script. Proli…

Its a flaw in the auction design. A simple rule as the closing time will be extended by x minutes after the last bid would solve this.

Our local auction site here in New Zealand, TradeMe, does that. Any bid in the last 2 minutes resets the clock to 2 minutes. Works pretty well for the seller, as prices tend to jump dramatically in these two minutes.
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