Consumers will not buy games before next generation – Gamestop

Gamestop has posted losses this quarter and their reasoning is that this is due to the lack of consumer excitement in current gen platforms.

“As we look towards the start of the new console cycle, our industry market model indicates a return to growth with the launch of new game systems. GameStop is strong, healthy and ready to lead the industry and its customers into the next phase of gaming.

“Ahead of these events [next generation console and GTA V release], GameStop expects the first half of the year to be challenging as consumers postpone purchases leading up to the fourth quarter console launch.”

They will be profitable next generation according to Gamestop CEO Paul Raines.

“As we look towards the start of the new console cycle, our industry market model indicates a return to growth with the launch of new game systems. GameStop is strong, healthy and ready to lead the industry and its customers into the next phase of gaming,” he said.

“Ahead of these events [next generation console and GTA V release], GameStop expects the first half of the year to be challenging as consumers postpone purchases leading up to the fourth quarter console launch.”After posting losses in their latest financial reports, GameStop Corp. has given their 2013 outlook for their market share.”

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Via Gamerexchange.