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PlayStation 3 pays off

Students unload PS3s for $600 profit

Lucas Beechinor, Staff Writer
Issue date: 12/5/06 Last Updated: 12/29/07
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"We had people come by and call us nerds, but all we wanted was the money," said Turner, who waited outside with his friends from 2:30 p.m. Wednesday until the store opened 8 a.m. Friday. Lewis said he only had to skip one class and was able to make it to his soccer game in time.

"I actually did my homework right there on the curb," Turner said.

Peach remembers waking up Friday morning at 6:30 a.m. before the system was released.

"The tent was covered in ice," Peach said.

Peach, who has never owned a gaming system in his life, sold his unit for $1100 on eBay, nearly doubling his money.

Anderson was the only one in the group not yet able to sell his PS3. He said the reason comes mostly from the fact that he waited too long to list it on eBay. He was not able to list it until 2 p.m. Friday. By 7 p.m., Anderson said that there were over 30,000 units already listed and being bid on.

"I guarantee everyone who bought one that day went home and put it on eBay," Anderson said. Anderson re-listed his PS3 on the site several times with no success of selling. He is thinking about keeping his PS3 if he can't sell it soon.

The profits made by Lewis and his friends might seem small in comparison to what many other PS3s were sold for. Those who were fortunate enough to list their systems early were able to sell for as high as $15,000. For a while it was not uncommon to see PS3s listed above $5,000. About 1.2 million units are scheduled for release in the United States throughout December.
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