MusicMagpie’s Chief Commercial Officer, Jon Miller, commented: “We’re expecting more consumers than ever to purchase the new consoles when they are released in November, which will have a significant impact on the value of the older models. With no upfront costs, more people than ever are predicted to upgrade to the most recent consoles, making their predecessors even more obsolete and accelerating their depreciation in value. Microsoft have also expanded Xbox All Access, an all-inclusive pass to Xbox whereby customers can now get an Xbox Series X or Xbox Series S console, plus 24 months of Xbox Game Pass Ultimate, from £20.99 a month. In the past six months, musicMagpie saw an increased demand of 20% for refurbished consoles on its online store, with the most popular being the PS4 and Xbox One as people have tried to get their hands on the most recent models for less. However, given the first new major PlayStation and Xbox releases in seven years are on the horizon, the value of the PS4 and Xbox One are predicted to drop significantly.Ĭonsoles have seen a huge increase in demand this year, as people are spending more time at home and have needed to find ways to entertain themselves. Once you are happy with the counter offer, press Make Offer to send a new trade.UNITED KINGDOM / AGILITYPR.NEWS / Octo/ With the much-anticipated release of PlayStation 5 and the Xbox Series X and Series S in November, experts from online trade-in and refurbished tech retailer, musicMagpie, have predicted that the value of their predecessors, the PlayStation 4 and Xbox One, could drop by up to 40% in the next eight weeks.įollowing the release of the PS4 and the Xbox One in November 2013, trade in prices of each console have remained relatively stable and could fetch you up to £140 for some models.
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