Why did you guys raise the price by $400 overnight? null

Supposedly is by offer and demand and market value, but most likely greed by the manufacturers

To put it plainly. BestBuy is no better than anyone else. Even though the MSRP of this card is $479 - $599. BestBuy is doing textbook price gouging. So during the chip shortage and the high demand by all the miners. They are going to increase prices to make even more money. God bless America. I'm sure they have some loophole they are using to justify these prices. Considering the definition of price gouging is "an act or instance of charging customers too high a price for goods or services, especially when demand is high and supplies are limited"

Pricing at the retailer (BestBot in this case) is restricted by the manufacturer or AIB producing the products. Ex: Nvidia direct (FE) has a very strict MSRP policy. All FE's MUST be sold at exactly regional MSRP at all BBs within the US. In the case of this OEM (XFS), their pricing restrictions are considerably more lax. Prying the true MSRP of an AIB is sometimes difficult (and often not even exposed to the public). When you do manage to find it and the retailer price is considerably higher, it is because (a) the AIB allows it, and (b) the retailer is responding inasmuch to increase their gross margin.

It's because of supply and demand. There's a shortage of cards and people are paying top dollar for the cards over msrp. As long as there continues to be a shortage of cards, and people are willing to pay top dollar for cards, the price is not going to go down anytime soon.

“Why did you guys raise the price by $400 overnight?”

Asked by Brian 4 years ago

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XFX - Speedster QICK319 AMD Radeon RX 6700 XT 12GB GDDR6 PCI Express 4.0 Gaming Graphics Card - Black-Front_Standard

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Supposedly is by offer and demand and market value, but most likely greed by the manufacturers
Answered by ivan 4 years ago
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To put it plainly. BestBuy is no better than anyone else. Even though the MSRP of this card is $479 - $599. BestBuy is doing textbook price gouging. So during the chip shortage and the high demand by all the miners. They are going to increase prices to make even more money. God bless America. I'm sure they have some loophole they are using to justify these prices. Considering the definition of price gouging is "an act or instance of charging customers too high a price for goods or services, especially when demand is high and supplies are limited"
Answered by CyJoker 4 years ago
Sorry, there was a problem. Please try again later.
Pricing at the retailer (BestBot in this case) is restricted by the manufacturer or AIB producing the products. Ex: Nvidia direct (FE) has a very strict MSRP policy. All FE's MUST be sold at exactly regional MSRP at all BBs within the US. In the case of this OEM (XFS), their pricing restrictions are considerably more lax. Prying the true MSRP of an AIB is sometimes difficult (and often not even exposed to the public). When you do manage to find it and the retailer price is considerably higher, it is because (a) the AIB allows it, and (b) the retailer is responding inasmuch to increase their gross margin.
Answered by WhozCraig 4 years ago
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It's because of supply and demand. There's a shortage of cards and people are paying top dollar for the cards over msrp. As long as there continues to be a shortage of cards, and people are willing to pay top dollar for cards, the price is not going to go down anytime soon.
Answered by Kyle 4 years ago
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