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Talent does not wait for age, the 16-year-old boy earns billions of dong through the business of consoles and Pokemon cards

Since Sony and Microsoft released PS5 and Xbox Series Xboth platforms console These are all constantly out of stock and extremely hard to find. The same goes for Pokemon cards, rare card auctions with amounts of up to hundreds, even billions of dong, are not uncommon. Quickly catching market trends, a boy has made billions of dong by investing in consoles and Pokemon cards and then selling them back at a high price to earn a commission.

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In just 18 months, Max Hayden made $1.7 million in total revenue from reselling PS5, Xbox Series X, and Pokemon cards. Deducting capital and selling expenses, the actual profit the boy earned was about $110,000 (VND 2.53 billion), a truly staggering amount for a 16-year-old boy.

According to The Wall Street Journal, Hayden resold the PS5 and Xbox Series X for $1,100 each, more than double their retail price ($500). Nearly a year since its launch, but the supply of this new generation console is still extremely scarce due to the impact of the epidemic, many players do not want to wait and have to accept to pay a higher price to own one. especially when many blockbusters are about to be released on the platform. In addition to consoles, Hayden also sells Pokemon cards, sneakers, and other hard-to-buy items.

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Speaking of console shortages leading to speculation, both Sony and Microsoft are well aware. Managing director PlayStation, Jim Ryan, said the company is trying to work with retailers so that the PS5 can directly reach consumers, avoiding the situation of overpriced. However, with the current pandemic and chip shortage, the problem of console scarcity will continue at least until the end of this year, or until early 2022, maybe it will be resolved.

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Source link: Talent does not wait for age, the 16-year-old boy earns billions of dong through the business of consoles and Pokemon cards
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