If you’re still hording that PS3 to sell it on eBay for a wicked profit, you better think about dumping it…fast…

LOS ANGELES (Reuters) - More than half of a group of surveyed stores had Sony Corp.’s PlayStation 3 in stock, while Nintendo Co. Ltd.’s new Wii was sold out, an analyst said on Tuesday in a report signaling demand for the market leader’s new console may be soft.

“Our channel checks yesterday of 52 retail stores, from boutiques to big-box retailers, showed that 28 of the 52 stores had PS3 consoles in stock, while none had Wii consoles in stock,” American Technology Research analyst Paul-Jon McNealy said in the research note.

Remember your economics! Excess supply drives down the price on eBay!

Source: Reuters