GameStop Stock Closes Week Down 19%

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If you didn't like the vague answers Microsoft gave on the way the Xbox One is going to handle used game sales, imagine how GameStop feels right now. :eek:

GameStop's stock concluded the trading week down 19 percent, attributable to continuing investor concerns over Xbox One's used games market solution. The most volatile decline occurred after a report out of the UK this morning claimed GameStop's margins in the pre-owned market would be affected by others taking a cut.
 

inbedwithhomer

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Dec 2, 2001
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Good. One of the least pleasant places to shop. Their executives need a wake-up call, though I don't see how that place could ever be worth walking into under any circumstances.
 

chameleoneel

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It is hilarious and saddening to me that the "worth" of public stocks is affected by how investors "feel" about the product or how they react to a competing product. As such, a certain company's stocks are down 19% in worth this week, because Microsoft hasn't yet given straight answers on a product that isn't even due to release for 6 more months. #Insane
 

g-money

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It is hilarious and saddening to me that the "worth" of public stocks is affected by how investors "feel" about the product or how they react to a competing product. As such, a certain company's stocks are down 19% in worth this week, because Microsoft hasn't yet given straight answers on a product that isn't even due to release for 6 more months. #Insane

My good man, you do realize that the stock market is entirely based on speculation right? Stocks go up and down every day based on how people feel or view its future.

What is perhaps sad is how from such an event we can see how tied company futures are to one another. The drop in Gamestop stock is expected based on the news. And if Microsoft would clarify the used-game policy in favor of used-game retailers then Gamestop's stock would go right back up. But that would be a near 180 given current information.
 

Scythe5

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I would have to say Gamestop is on my 'never shop there' list. It doesn't bother me if they go out of business - they lost mine years ago.
 

Retronym

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It is hilarious and saddening to me that the "worth" of public stocks is affected by how investors "feel" about the product or how they react to a competing product. As such, a certain company's stocks are down 19% in worth this week, because Microsoft hasn't yet given straight answers on a product that isn't even due to release for 6 more months. #Insane

so i assume you'll be buying, then?
 

Master [H]

2[H]4U
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I think if MS is charging for XB1 games, when they're pre-owned, is a rip off. I have to pay extra for a used copy of something? Fuck that. I can see if they were a developer or publisher of every game on the XB1, but this stinks like a turd tree in a sewer. I like the 360 well enough, but the picture right now is unfavorable at best.

I know people hate Sony, but the entire package of the PS3 has been much smoother than the 360, IMO. The XMB is better than the 360-Metro, but it's not a deal-breaker for me.

I've always had good experiences with Game Stop, and I also view more competition as a good thing.
 

dr.kevin

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buy the dip.
this is overreaction, and xbox release date is still a long ways off
 

1/2 bent

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I love Gamestop. I get my boy used ps3/xbox games for a hell of a lot cheaper than new. WTF is the problem. The only problem I have here is its always to dam packed and I have to wait inline forever.
 

Hornet

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Look, investors are speculating about the sky falling again!

Investment involves calculated risk, not blind faith. GameStop is popular for selling used games because a large portion of their business is that. If XB1 kills off used-games resale, GameStop's business will take a hit. If you were one of the investors, you too would have at least think about it.
 

GaryJohnson

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Investment involves calculated risk, not blind faith.

The absurdity here (and in the stock market in general) is that the actual risk of investment - whether the stock will go up or down - is apparently driven by the perception of how risky it is.
 

Krenum

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Good, this is payment for swallowing up Funco Land, Babages and Software Ect.

More to come I am sure.
 

Kuraudo

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The real question behind all this is whether the new xbox will become a complete failure or not. I imagine that will be the deathblow either way.
 

Dekoth-E-

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[Tripod]MajorPayne;1039908184 said:
Gamestop is the Best Buy of game stores, except if Best Buy only sold used Monster Cables for 95% of MSRP.

Other than the fact that this analogy is hardly even accurate, The point being? I know this is a shocker to some of you, but in general prices in retail have profit built into them. They sort of have to cover things like, location costs, payroll, taxes etc. Honestly I find GS far less offensive for giving someone $30 for a game (Their choice to lose the money), then marking it up to $5 below retail than I do these places that buy new cables (usb, cat etc) for $1.50 then sell it for $30. Now that is Absurd markup.

buy the dip.
this is overreaction, and xbox release date is still a long ways off

Exactly.

I love Gamestop. I get my boy used ps3/xbox games for a hell of a lot cheaper than new. WTF is the problem. The only problem I have here is its always to dam packed and I have to wait inline forever.

This all day. I buy my kids used DS games for a Fraction of their new value. Usually $5 - $10. Given those games might get played for an hour or lost, that is fantastic.

Good, this is payment for swallowing up Funco Land, Babages and Software Ect.

More to come I am sure.

Who All had the same exact business model and practices of Gamestop. I spent plenty of years in Babbages, Software Etc and many other of the same type of retail software stores. There are plenty of local ones today and they all Have the exact same model as well. Seriously this misplaced hate to GS just because they were successful enough to get big is so absurd.
 

Quix

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I'm totally amazed that they didn't see this coming a mile away. Gamestop's days are numbered regardless of current conditions. Their business model is not long-term sustainable.
 

kbrickley

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I'm totally amazed that they didn't see this coming a mile away. Gamestop's days are numbered regardless of current conditions. Their business model is not long-term sustainable.

Well that is probably why they bought Impulse from Stardock to get a niche in the PC download business and compete with Steam and GOG ;)
 

Gorankar

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I am glad that GS is taking a hit, I am not so glad about the why.
 

ManofGod

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Well that is probably why they bought Impulse from Stardock to get a niche in the PC download business and compete with Steam and GOG ;)

Yet, it seems to me, all they did was drive Impulse into the ground. :( I have a game that I own from when Stardock owned Impulse but have not been able to get the game back. (Thankfully, it was only one.)
 

ravx25

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So proud huh, go tell that to someone that makes games to provide for their family in person and let me know how that black eye feels afterwards.

Not that I condone it one iota, but theft is a cost of doing business. I can probably assure you that developer is still making good money, more so more often probably than the person who stole, and even through the masses that are doing so.

I think more developers need to put out more trials of their game. Even then what they do release is not sufficient a lot of times (hello Diablo 3).

Tell me, how is it fair to buy software and not be able to take it back for not getting what you expected? I can take most things I buy at the store back if it doesn't work properly or is not what is expected. Especially with software, it's not like that actual box with CD and manual cost them overly much. So why not? With that reasoning, I personally would have asked for my money back on Diablo 3. I haven't played it in months because it's crap. Have you ever given thought that some people may "pirate" the game to see if it's worth buying to not fall into the previous mentioned trap? Seems fair to me personally, especially considering if they liked the game they buy it.

Let me postulate this situation to you. I don't pay for HBO, yet I watch Game of Thrones every Sunday when it comes on. Was your first thought that I pirated it? It surely must have been because there must be no other way to do so. Well, I go to my friends house and watch it with him. In fact, what if he copied the show and sent it to me later that night instead. Is it any different at that point? I just refuse to pay for cable television, but I do buy the Blu-Rays for GoT when they come out.

My whole point is media developers/handlers need to get more with the time and quit trying to nickel and dime their base to oblivion. This still won't stop theft (theft NEVER goes away) but it helps. Look I understand that comment was childish and you would feel vindicated if they got their "just desserts" but some folks just aren't worth worrying about. Shrug it off.
 

kbrickley

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Yet, it seems to me, all they did was drive Impulse into the ground. :( I have a game that I own from when Stardock owned Impulse but have not been able to get the game back. (Thankfully, it was only one.)

Oh, I would agree ... I have migrated all but two of my games from Impulse to Steam ... they definitely haven't executed their future strategy well yet, but they did see the writing on the wall or they wouldn't have tried to move into digital ... worked out well for Stardock though since all their games are on Steam now (I think)
 

kbrickley

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Not that I condone it one iota, but theft is a cost of doing business. I can probably assure you that developer is still making good money, more so more often probably than the person who stole, and even through the masses that are doing so.

I think more developers need to put out more trials of their game. Even then what they do release is not sufficient a lot of times (hello Diablo 3).

Tell me, how is it fair to buy software and not be able to take it back for not getting what you expected? I can take most things I buy at the store back if it doesn't work properly or is not what is expected. Especially with software, it's not like that actual box with CD and manual cost them overly much. So why not? With that reasoning, I personally would have asked for my money back on Diablo 3. I haven't played it in months because it's crap. Have you ever given thought that some people may "pirate" the game to see if it's worth buying to not fall into the previous mentioned trap? Seems fair to me personally, especially considering if they liked the game they buy it.

Let me postulate this situation to you. I don't pay for HBO, yet I watch Game of Thrones every Sunday when it comes on. Was your first thought that I pirated it? It surely must have been because there must be no other way to do so. Well, I go to my friends house and watch it with him. In fact, what if he copied the show and sent it to me later that night instead. Is it any different at that point? I just refuse to pay for cable television, but I do buy the Blu-Rays for GoT when they come out.

My whole point is media developers/handlers need to get more with the time and quit trying to nickel and dime their base to oblivion. This still won't stop theft (theft NEVER goes away) but it helps. Look I understand that comment was childish and you would feel vindicated if they got their "just desserts" but some folks just aren't worth worrying about. Shrug it off.

People can rationalize it any way they want but the industry doesn't have to tolerate or support piracy if they don't want to ... all piracy does is force companies into ineffective means to combat it (DRM) or highly effective ones (DLC, online play, microtransactions, console only titles, etc) ... justify piracy all you want but then don't complain about games that increase the dependence on online play, DLCs, or microtransactions ;)
 

ravx25

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People can rationalize it any way they want but the industry doesn't have to tolerate or support piracy if they don't want to ... all piracy does is force companies into ineffective means to combat it (DRM) or highly effective ones (DLC, online play, microtransactions, console only titles, etc) ... justify piracy all you want but then don't complain about games that increase the dependence on online play, DLCs, or microtransactions ;)

I'm not trying to rationalize. It's a fact. Theft, unfortunately, is a cost of doing business. No matter how these companies try to combat it, it won't stop. Ever. That goes for digital and physical media and products. The MPAA/RIAA wants everyone to believe they are losing massive amounts of money to piracy. Maybe they are, but they skew the numbers in their favor as if everyone who pirates would buy what they are taking. Also, it's hard to tell how much pirating is going on because it's to spread out in so many different manners. That and there has to be a definitive line drawn as to what is piracy. If most of these companies had their way you would have to buy a copy too see/play/listen. That would make everyone who borrows a game/CD/movie a criminal for not owning it and using it. That sounds petty, but until American laws catch up there is no such thing as petty in court.
 

sliverjazz

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If someone is smart enough to program a computer game, then they should be smart enough to stop the pirating of it.
 

Tudz

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It is hilarious and saddening to me that the "worth" of public stocks is affected by how investors "feel" about the product or how they react to a competing product. As such, a certain company's stocks are down 19% in worth this week, because Microsoft hasn't yet given straight answers on a product that isn't even due to release for 6 more months. #Insane
Welcome to the world of publicly traded companies. If you don't want your company driven by the fears and greed of investors, keep your company privately owned.
If someone is smart enough to program a computer game, then they should be smart enough to stop the pirating of it.
I would love you to elaborate on that, as a few decades of video gaming seem to indicate that's not true outside of multiplayer online games, and even then you don't completely stop it, just reduce it a lot.
 

kbrickley

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I only download Linux distros on my 33.6 US Robotics Sportster data/fax modem. :D

I miss that old static connection sound ... there was almost a Pavlovian response back in those days when you heard that successful connection sound :)
 

Ur_Mom

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As a grown-ass man with a job, I'm proud to say that I buy all my games.

Same here. I couldn't say that 10-15 years ago, though. I've bought every game I own since then, though. I've bought physical copies, too, so it's not just Steam. People just grow up, and do the right thing.

Only downside - Steam sales. I would never have pirated those games, nor bought them at full price. But dangle a big "SALE!" sign there, and I end up buying them for some reason. It didn't prevent piracy (never would have downloaded), but it created a sale regardless. Steam knows how to get it done.

Gamestop.... They are good in a jam. I can find some good deals in their bargain bin. $2 for a game? Sure. I think I paid 5 for DNF on Xbox (still more than it's worth!). But, anything else - especially newer - I find better deals on Craigslist or online.
 
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