Friday, January 27, 2023

Scalpers Lose Their Shirts Trying To Sell Overpriced Graphics Cards

Scalpers around the world have been losing their shirts after buying up stock of the recently released Nvidia RTX 4080 and RTX 4090 without going on to find anyone desperate enough to buy these already expensive graphics cards. The result has been a rush on retailers to process refunds, but the high volume of returns appears to have prompted some stores to stop offering cash back, leaving many such tricky traders in the lurch.


Nvidia launched the RTX 4080 and RTX 4090 earlier this year on November 16 and October 12, respectively. While the graphics cards have largely exceeded expectations in terms of performance, the sales figures have been quite poor on the whole, primarily owing to the rather inflated price tag, something which has caused a considerable amount of criticism for the manufacturer. The upshot is that even salpers have been impacted by this weak market, many being forced to sell at or below the normal retail price on account of the fact that some stores have been overwhelmed with refund requests.

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Scalpers appear to have assumed that similar to many graphics cards in the past, high demand for the RTX 4080 and RTX 4090 would create enough scarcity to support a second hand market, so they cleared out store shelves, buying up as much of the available stock as possible. The trick is that retailers have in fact been facing difficulty selling these particular pieces of technology, sometimes being themselves overstocked. The days of seeing scalpers offer graphics cards at two or three times the retail price might just be over.

The news which comes from tech spot by way of resetera has been met with no small amount of irony and amusement from potential purchasers. The forum in particular is currently filled with users mocking such speculators.

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While memes of course have been popping up all over the place, some people on the popular gaming platform have been carefully analyzing the situation. The user going by the name of Hexa for example noted how “items that are expected to be in high demand that scalpers go after should have some sort of no return policy in general. Replacements and repairs sure, but straight up refunds no.” According to Hexa, this would “make scalpers think twice, as now there is the potential that they will lose money which may factor to less scalping overall.”

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