PlayStation 4 prices go crazy as fans hit ebay to get hold of one

PS4 is going under the hammer for over £500 on ebay [PH]

The PlayStation 4 launched yesterday and has already sold out across most of the UK.

Now, eager fans desperate to get their hands on this new console, are forking out over £200 more than its £349 recommended price.

Online auction site ebay is full of the consoles today, and most are selling for over £500. One console, which included two games, went under the hammer at £590.

One console sells for £590 [ebay]

The PlayStation 4 is one of the most eagerly awaited products of the year, and fans queued for up to 3 days to grab one at midnight on Friday.

If you haven’t pre-ordered your PS4, it’s unlikely you will have one in your stocking before Christmas day.

Ian Chambers from GAME said "We’ve hired 4,000 extra staff to help cope with the demand for the new Playstation. We'll do our best to get a console in everyone's hands, although stock is extremely limited."

And Amazon said customers who had not already placed an order wouldn't receive a console in time for the 25th December.

The Xbox One and PS4 are selling out fast [W8 media]

“We believe the Xbox One and PS4 will revolutionise the market”

Phil Samuels, of Currys and PC World

The PS4 is 10 times faster than it’s predecessor and includes the new wireless DualShock controller.

But it’s not only the PlayStaion that is selling out fast; the Xbox One has also had some healthy figures.

Phil Samuels, category director for consumer electronics at Currys and PC World in the UK, sated, "We believe the Xbox One and PS4 will revolutionise the market." He said that shoppers had already put in more pre-orders than expected for both but "so far the Xbox is nudging into the lead".

One thing's for sure, these consoles are going to hot property this Christmas