GameStop: Nearly $2.5 Billion Could Be Generated from Consumers Upgrading to Next Gen Consoles

Being so ingrained into the games market will benefit the retailer in the long run.

Posted By | On 03rd, Jun. 2013 Under News


gamestop
Despite the news that the latest next generation consoles will block used games in some form or the other, with Microsoft’s Xbox One requiring you pay a fee to install a used game and Sony currently being bombarded by a Twitter campaign asking for no DRM on the PS4, GameStop has plenty of reason to be optimistic.

That’s according to Baird Equity’s Colin Sebastian, who stated that, “Used inventory tends to increase into platform launches, and we estimate that GameStop could create nearly $2.5 billion in credits for consumers upgrading to new platforms.”

Considering that the retailer accounts for 50 percent of the Xbox 360’s sales in the country, it’s more than a given that it will be the biggest to benefit when consumers feel like trading their old consoles in.

GameStop shares fell by 14 percent when the Xbox One made its used game policy known, though the company along with Sony is still yet to fully clarify its stance on the same.

Source: GamesIndustry International


Awesome Stuff that you might be interested in


 

Copyright © 2009-2015 GamingBolt.com. All Rights Reserved.