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Selling Or Trading Your Game Console In 2023

Edward Gates by Edward Gates
March 12, 2024
Selling Or Trading Your Game Console In 2023
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Compare Xbox Series S, PlayStation 5, Xbox Series X To Make the Best Profit

The latest generation video game consoles from Microsoft and Sony generate tremendous enthusiasm among gamers looking to upgrade. Supply shortages persisting years post-launch allow new Xbox and PlayStation device owners to sell or trade them in for substantial profits easily. Sell Game Console

But deciding which next-generation system nets your maximum resale valuations gets tricky. This guide compares the Xbox Series S, PlayStation 5, and Xbox Series X capabilities and demand dynamics to assist in identifying the best console to sell or trade for optimum payouts.

Why Current Generation Consoles Sell So Well

Multiple factors come together, driving intense demand for the latest Xbox Series and PS5 consoles:

  • Major performance leaps over last-generation hardware enable 4K high-resolution gaming, silky smooth 120 fps frame rates when supported, and near-instant load times. These breakthrough experiences prove utterly transformative for players.
  • Aggressive pricing by Microsoft expands their ecosystem this generation to mainstream and budget audiences beyond historical focus chasing core gamers.
  • Sony’s prior PlayStation 4 success avec, with over 117 million units sold, means their fans eagerly upgraded en masse to continue playing platform-exclusive franchises like Spiderman, God of War, and Horizon Forbidden West on new consoles with cutting-edge immersion.
  • Both companies emphasize services via Xbox Game Pass subscriptions and PlayStation Plus far more over physical game dependency, although discs remain popular still for users embracing digital ecosystem convenience.
  • Global chip shortages drastically slowed manufacturing output, making it unable to satisfy the surging early demand when new consoles were launched. This supply-demand imbalance still persists years later, regularly selling out limited inventory from sporadic retail restocks.

With gamers fiercely competing to secure limited next-generation console production output, sellers are meeting that unfulfilled demand by trading in Xbox and PlayStation devices for markedly higher valuations.

Which Console Offers Best Resale Value Currently

Determining ideal consoles for selling or trading today means monitoring market rates:

PlayStation 5

Sony’s flagship console fetches the highest premiums both for sheer buzz and supply constraints. Nearly impossible to purchase new from retailers, sellers on eBay and local marketplaces easily tack on $200 or more over MSRP for both base and digital editions. Prices should remain inflated until Sony ships enough PS5 inventory to calm demand. Sell PS5

Xbox Series X

Essentially equal in power and pricing to rival PlayStation 5 consoles, the availability shortfalls affecting Microsoft’s premium 4K gaming beast allow resellers to price Series X units $100 or more over retail as well. The Series X promises a higher upside if bundled with extras like games or spare first-party controllers. Sell Xbox Series X

Xbox Series S

Don’t dismiss Microsoft’s compact white box targeting mainstream and budget players with its approachable $299 launch pricing. Resellers still capitalize on sporadic Series S restocks and flip these tiny consoles for $50-100 profits routinely. Lesser power limits the ceiling for markups, but easy acquisitions combined with huge Xbox platform growth make the entry-level device a potentially high turnover, smaller margin option amidst sustained demand outpacing global production capabilities.

Which Used Consoles Should You Sell or Trade?

With Microsoft and Sony splitting the overall market while Nintendo maintains its own niche ecosystem, deciding the best older-generation console for selling boils down to a few considerations around inherent capabilities and sustained demand trends:

Xbox One X

This 4K-focused mid-generation Microsoft refresh released alongside Xbox One S budget models now hits the sweet spot of value for gamers. All editions play the same vast Xbox game libraries. Expect strong interest in Xbox One console resales centering on the premium $500 One X supporting up to 120 fps framerates and modern display standards absent on base last-generation models for users investing in newer TV upgrades.

PlayStation 4 Pro

The counterpart to Microsoft’s iterative Xbox One X console upgrade, Sony’s PS4 Pro achieved critical acclaim and strong adoption for similar reasons – boosting older games to 4K resolutions while anticipating finer details on newer televisions that mid-generation base PlayStation 4 owners missed out on. For the millions invested in that incredible PS4 software ecosystem, the Pro console allows extending hardware lifespan to bridge this generation rather than abandoning libraries and buying next-gen systems.

Nintendo Switch

Nintendo marches to the beat of their own drum, separate from rival console competition. But the runaway success of their hybrid Switch platform makes even last year’s releases still easy to sell. Strong demand persists for flagship Nintendo console exclusives historically focused on family-friendly franchises like Super Mario, Animal Crossing, and newer IPs capturing imaginations beyond just hardcore gamer stereotypes.

In summary when deciding which used console to trade for optimum valuation, include the Xbox One X or PS4 Pro for gamers invested in those software ecosystems and display upgrades, while Nintendo’s platform agnosticism and innovation keeps anything Switch relevant.

How do you get the most Sales or trading for your console?

Follow universally applicable tips when selling or trading any gaming console:

  • Fully wipe user accounts and game saves off devices to protect identities while allowing the next owner freedom to set everything up themselves. This also deactivates encryption, locking consoles to prior accounts.
  • Carefully detail any scratches, cracks, or account transfer issues that could hamper device grading and reduce valuation quotes. Capture multiple well-lit photos showing the actual console condition.
  • Note and include all bundled games, specialty controllers, headsets, or cables to showcase accessories adding value beyond standalone consoles that game buyers want.
  • Check controller sticks and buttons, ensuring everything works accurately without drift or stickiness affecting gameplay and grading improvements.
  • Research real-world pricing rates on your particular console edition, bundles and conditions using recent eBay sales listings to set competitive pricing.

Those universal preparation best practices help ensure your old gaming systems sell much quicker and for higher profits.

Why Gizmogo Offers the Best Trade-In Values

While various electronics buyback services accept consoles, Gizmogo goes further, optimizing trade-in values for customers through several unique advantages:

Free Shipping Protection – Gizmogo emails prepaid FedEx labels and new protective materials for safely packing consoles, controllers, and cables, avoiding damage in transit to their graders. This demonstrates upfront confidence in item conditions for building seller trust.

Rapid Processing & Payout – Most sellers’ online bank deposits and PayPal transfers are issued within 24 business hours after consoles get inspected upon arrival at facilities. Avoid waiting 4-6 weeks like slower competitors.

Peak Market Rate Quoting – Gizmogo’s proprietary evaluation tools analyze real-time supply/demand movements to consistently yield 5-15% increased valuations relative to current eBay averages. Their data science optimizes trade offers.

White Glove Service – Friendly experts assist every seller via phone, email, and chat, answering all inquiries promptly throughout the smooth evaluation and payment processes.

Overall, for console owners looking to sell or trade aging Xbox, PlayStation, and Nintendo hardware towards funding new upgrades, Gizmogo delivers a combination of customer service excellence, guaranteed top-dollar trade-in offers, and rapid payment conveniences that no competitors match. Trust your old gaming investments pay you back best going with Gizmogo.

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Edward Gates

Edward Gates

Edward “Eddie” Gates is a retired corporate attorney. When Eddie is not contributing to the American Justice System blog, he can be found on the lake fishing, or traveling with Betty, his wife of 20 years.

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