Market Overview

Google's Sold-Out Chromecast Soars to $100 on eBay (GOOG, EBAY)

Google's (NASDAQ: GOOG) new streaming video device, Chromecast, officially retails for just $35.

But after selling out almost immediately when the pre-order program began on July 24, additional customers were told that the device would not ship until August 7.

Soon, Google stopped taking pre-orders altogether. Now Google is taking them again but notes that it will not ship any new units for three to four weeks.

Related: Will Google's $229 Nexus 7 Upgrade Dethrone Apple's iPad Mini?

This has prompted a familiar trend on eBay (NASDAQ: EBAY): over-priced Chromecasts are now being sold by early adopters.

As of this writing, the most expensive Chromecast is selling for $101. It has already received six bids.

That's a couple dollars more than the MSRP of Apple's (NASDAQ: AAPL) streaming video device, Apple TV.

The cheapest Chromecast is selling for $35 (the device's actual MSRP) on eBay. Surprisingly, it has received only one bid.

There are dozens of additional units that are being sold at a wide array of prices, but the average seems to fall within the $50 to $60 range.

Meanwhile, Google's long-awaited Nexus 7 upgrade seems to have inspired a collection of discounts for the previous model.

Brand-new first-generation Nexus 7 tablets are going for less than $200; used models can be found for less than $100. There's even one with a cracked screen that is currently selling for $51 after 10 bids.

In 2011, hundreds of first-generation iPad owners turned to eBay to unload their tablets after the iPad 2 was released. They also turned to eBay to sell the iPad 2 (which was in short supply initially) in hopes of making a quick buck.

However, no sales were as famous as those associated with Sony's (NYSE: SNE) PlayStation 3, which sold on eBay for as much as $15,000 shortly after the console was released in 2006. Nearly 15,000 PS3 units were auctioned off during the first week for an average selling price of $1,200 -- twice that of the MSRP.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted-In: Apple Chromecast Google iPad iPad 2News Success Stories Tech Best of Benzinga

 

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