GameStop is now selling pre-owned PlayStation 5 Pro consoles at prices exceeding those of new units, a move first detailed in a leaked internal memo. The retailer is listing these used consoles for $1,399.99 to $1,499.99, a significant increase that places them well above the average price of a new console, which typically sells for around $900.
The sudden price surge has led to speculation online, with many pointing to the recent PS5 jailbreak exploits, such as the "Relapse" vulnerability. This exploit allows access to homebrew applications and emulation on PS5 consoles that have not been updated to the latest firmware version, 14.00. The prevailing theory is that GameStop has increased the price of used PS5 Pros in anticipation of demand from players seeking consoles with older, vulnerable firmware.
Sony's firmware update 14.00, released on September 16, is understood to have bolstered security measures, including those designed to prevent jailbreaking. This update was rolled out ahead of the launch of anticipated titles like Grand Theft Auto 6. Consoles that have not yet received this update are therefore considered more valuable to those interested in exploiting the system.
A statement reportedly circulated among GameStop employees confirmed the price adjustments. For PlayStation Pro owners looking to trade in their consoles, GameStop is offering between $800 and $850, potentially allowing for a nearly cost-free upgrade to a new console.
With Grand Theft Auto 6 being touted as performing optimally on the PlayStation 5, and likely even better on the PS5 Pro, demand for the console has seemingly intensified, contributing to the recent price inflation. While the exact reasons for GameStop's pricing strategy remain officially unconfirmed, the elevated prices for pre-owned PS5 Pros are now a reality for consumers.