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GameStop shares drop 6% after Xbox 720 anti-used game report

Wednesday, 6th February 2013 22:24 GMT By Brenna Hillier

GameStop stock has taken a tumble following a report claiming the next-gen Xbox will tether games to individual consoles, effectively biting into the used game market. Shares prices had dropped a slow as $23.75 over the course of the day but as of close of business on the East Coast had recovered slightly to end up at $25.20. That’s a 6% drop, apparently. Used game sales accounted for 48% of the retailer’s gross profits in 2012, and it takes a smacking every time this rumour arises.

Thanks, CVG.

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3 Comments

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  1. tmac2011

    i bet their pissed off right now

    #1 1 year ago
  2. JimFear-666

    gamestop is a cancer and i really hope there will be an anti used game option in the new consoles.

    #2 1 year ago
  3. CyberMarco

    Gamestop… LoL. The other day I went to Gamestop for some window-shopping and to check the prices of the games. Needless to say the prices are absurd, not to mention the pricing in used games. Hell, I can import from the UK new games half price compared to the used games at Gamestop here in Italy.

    I wonder why people still buys from them, maybe ignorance for the alternative solutions…

    #3 1 year ago