The PlayStation 5 is outselling the new Xbox consoles on the resale market at a rate of nearly 2-to-1, according to new data from StockX

The PlayStation 5 is outselling the new Xbox consoles on the resale market at a rate of nearly 2-to-1, according to new data from StockX

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Sony's PlayStation 5 is outselling the new Xbox consoles by nearly two-to-one on the resale market, according to StockX senior economist Jesse Einhorn.

StockX facilitated the resale of, "more than 60,000 PlayStation and Xbox consoles globally," Einhorn told Business Insider. Of those resales, 62% were PlayStation 5 consoles, he said.

The new PlayStation 5 and Xbox consoles have been nearly impossible to purchase since they launched last month.

Sony and Microsoft have struggled to keep up with demand, and retailers have struggled to keep their online stores operational as buyers flood each resupply.

That insatiable demand has created a robust resale market for the new game consoles, with the $500 models regularly selling for just shy of $1,000.

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Sony's PlayStation 5 and Microsoft's Xbox Series S and Series X consoles are finally available worldwide, and they're sold out everywhere. But which console is most popular?

Sony's PlayStation 5 is outselling Microsoft's new Xbox consoles at a rate of nearly two-to-one on the resale market, according to the popular reseller website StockX.

Due to the pandemic, millions of people have turned to digital storefronts