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GameStop share dive linked to Sony anti-used game patent

Friday, 4th January 2013 00:37 GMT By Brenna Hillier

GameSteop’s share price fell by 5% during Thursday trading, which industry analyst Michael Pachter attributes to rumours of plans to implement an anti-used game system in the PlayStation 4.

In a note to investors, as reported by Kotaku, Pachter warned against dumping GameStop stock, saying there’s little chance such a system will be implemented.

“The news has negatively impacted GameStop shares, and we think the reaction is overblown,” he said, adding “Sony benefits little from a unilateral decision to block games. Sony’s sales would rise only marginally if the PS4 blocked used games.

“Sony would be materially hurt if its console blocked used games and competitor consoles from Microsoft and Nintendo did not.”

Pachter said Sony’s patent may offer individual publisher the opportunity to implement an anti-used game system at their own discretion rather than a system-wide ban.

Pachter was among a number of analysts who pooh-poohed the rumours and advised investors to remain faithful to GameStop. GameStop’s shares may also have been seen as less desirable following analyst comments that it had not sold as many Wii Us as expected.

GameStop is one of the most successful purveyors of the trade-in model.

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5 Comments

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  1. NocturnalB

    Gotta love speculation.

    #1 2 years ago
  2. JimFear-666

    hahahaha nice, i hope there will be more rumour like that who will eventually lead gamestop to close.

    #2 2 years ago
  3. Christopher Jack

    It’s all nice & funny to think of a giant, evil company dying but regardless, we still need them.

    #3 2 years ago
  4. roadkill

    Nice! Get a real job you worthless leeches!

    #4 2 years ago
  5. NeoSquall

    @3 Yep.

    Btw, Pachter saying investor reaction was “overblown”? HA!

    #5 2 years ago