Xbox One: Gamestop shares dwindle following new systems used games policy
Xbox One whiplash is still in full swing, as an article on Gamasutra reports Gamestop taking a huge hit from the news of the latest consoles used games approach.
As of today, and in a direct consequence of the Xbox One reveal last week, GameStop’s stock has dropped by more than 13%, and a 7% overall loss in global sales from the year before. Financial analysts have been quick to point out many of the floundering numbers on GameStop’s account, is directly correlated to the news the Xbox One will require mandatory installs and an extra fee for already played games.
GameStop President Tony Bartel tried to reassure investors:
“….(Microsoft) realizes the value of the buy-sell-trade model,” and they have built that into their new consoles moving forward.”
With conflicting reports from Microsoft reps and the reveal itself stating games being tied to user accounts, and installation fees in regards to being played on a different console, we won’t really have more details till Microsoft gives us something solid come this E3.