When PlayStation Scalpers Suffer
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They hoped to cash in. Now they're stuck holding loads of hardware after sagging demand guts aftermarket values. In Game|Life.
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By Evening Standard, London  Jan. 31--Electronics giant Sony is heading for a $2 billion (Â£1.01  billion) loss in its video games division after the surprise success of rival  Nintendo's Wii console.
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Sony Corp. slashed the planned price of its delay-hit PlayStation 3 by one-fifth in Japan, preparing for a fierce fight against cheaper games consoles from rivals Microsoft and Nintendo.
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Sony is now $399 away from giving PlayStation 3 consoles away.
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"Feeding frenzy." That's how one report described the latest battle in the gaming wars, in which shoppers braved day-long lines or camped out in cold weather for new consoles from Nintendo and Sony. Their mood, often within minutes, went from anticipation to excitation to flat-out desperation, as many were turned away empty-handed.
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Sony dropped the price on its PlayStation 3 in July - from $599 to $499 for its 60-gigabyte model - and got a bump in sales, but Nintendo&#39;s Wii continued to dominate by posting its largest monthly sales figure of 2007.
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Our friends over at Gamespot posted a blog yesterday discussing the likelihood of a rumored $400 PS3 that would arrive in time for the holidays.
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The next game controller could be your gray matter. Also: Online bells and whistles for the PS3.
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The biggest news for the video game world this season has been the release of new consoles from Nintendo and Sony. The worst news for video game shoppers is that the new units join an already crowded aisle of gaming gifts.
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The perennial Olympics pariah, commonly known as the ticket scalper, is having a hard time in Athens. Scalpers normally buy hard-to-get tickets, with hopes of selling them later at highly inflated prices.
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Although Sony is blaming its faltering profits partly on PlayStation 3 price cuts in Japan, a senior executive said yesterday that slashing prices further may be in store for the just-launched video game machine.
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Those hoping to get a discount on Sony's PlayStation 3 game console by snapping up the discontinued 60GB model better act fast: Sony says it has completely depleted inventory in its warehouses, which means what's on retail shelves will be the last units available.
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People who have been camping out for days finally get their PS3s today. Sadly, both their time and money has been wasted
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When the game console will be available here remains uncertain.
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Nintendo's game console Wii goes on sale but some gamers are disappointed pre-orders were not fufilled.
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Ticked the wrong box? Want an 60GB Sony PlayStation 3, a pile of games, a Blu-ray Disc and an extra game controller for a mere 99 cents? or would you rather take pity on the poor eBay who - apparently - set his 'Buy Now' price to $0.99 rather than his starting price.â¦
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Game fans stood in lines through a chilly Tokyo night to be among the first in the world to get their hands on Sony Corp.&#39;s PlayStation Portable, the