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

by Christopher Freeburn | July 26, 2013 11:58 am

google chromecast 284x300 Ebay Sellers Hike Prices for Sold Out Chromecast by 700+%[1]With a lot of people scrambling to get Google‘s (GOOG[2]) latest technological toy, prices on a popular auction website have gone straight through the roof[3].

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[4]) are demanding hefty prices from buyers who just have to have the device right now, ComputerWorld notes.

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[5]) 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[6] 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.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/07/google-chromecast.png
  2. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  3. have gone straight through the roof: http://www.computerworld.com/s/article/9241108/eBay_sellers_pounce_on_Chromecast_shortage_price_dongle_8X_over_list
  4. EBAY: http://studio-5.financialcontent.com/investplace/quote?Symbol=EBAY
  5. NFLX: http://studio-5.financialcontent.com/investplace/quote?Symbol=NFLX
  6. entered the already-crowded media streaming device market: http://investorplace.com/2013/07/chromecast-google-unveils-35-internet-tv-device/

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