For many videogame enthusiasts, the console shortage of 2020-21 has been a major drag. For high-school junior Max Hayden, it’s been a bonanza.
He has bought and resold dozens of the newest PlayStation and Xbox machines for as much as $1,100—more than double their $500 sticker prices.
By doing the same with a selection of goods made scarce in the pandemic, such as patio heaters and Pokémon trading cards, Max ended last year with a profit of more than $110,000 on $1.7 million in revenue, according to the 16-year-old’s sales records reviewed by The Wall Street Journal. He expects to do even better this year as game consoles and other products remain elusive.
“Some people call this retail arbitrage,” said Max, of Hopewell Township, in central New Jersey. “I wrote an essay for school on the topic.”