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Ebay Sellers Hike Prices for Sold-Out Chromecast by 700+%

The device appears to be a huge hit with consumers


google chromecastWith a lot of people scrambling to get Google‘s (GOOG) latest technological toy, prices on a popular auction website have gone straight through the roof.

The new Chromecast TV dongle retails for $35. But with the current batch of the tiny streaming media device already sold out and future batches backordered, sellers on eBay (EBAY) are demanding hefty prices from buyers who just have to have the device right now, ComputerWorld notes.

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An instant hit, the device sold out within 24 hours of release — so fast that Google was forced to cancel a promotion offering three months of free Netflix (NFLX) service initially included with the Chromecast.

Frantic buyers can choose among over 130 separate eBay listings for the Chromecast. Some sellers are charging up to $300 for the device, a 757% price hike.

The Chromecast entered the already-crowded media streaming device market earlier this week. Plugging into a TV’s HDMI port, the dongle allows users to stream video and music from a variety of sources, including mobile devices.

Article printed from InvestorPlace Media, http://investorplace.com/2013/07/ebay-sellers-hike-prices-for-sold-out-chromecast-by-700/.

©2017 InvestorPlace Media, LLC