360haven works best with JavaScript enabled
GameStop Shares Rise After Xbox One!
Results 1 to 2 of 2
  1. #1
    News Reporter

    Name is offline
    Join Date : Jul 2012
    Location : 360Haven.com
    Posts : 354
    Twitter: @

    GameStop Shares Rise After Xbox One!

    Microsoft's recent announcement that decisions about secondhand Xbox One games will be left up to publishers has not hurt GameStop's share value. Instead, the opposite has proven true.

    In morning trading, GameStop shares are up more than 7 percent to $37.10 at press time.

    Only one publisher--Fallout studio Bethesda--has responded to GameSpot's request for comment regarding whether or not they will allow used Xbox One games or impose an activation fee.

    "We haven't had time to fully understand and evaluate their policy," a company representative said.

    Wedbush Securities analyst Michael Pachter released a note on Microsoft's recently announced Xbox One policy today, stating he does not believe publishers will block used games or impose activation fees.

    "In our view, any publisher that disables used gaming risks a backlash or boycott of its titles by gamers, negatively impacting sales," he said.

    Describing potential activation fees, Pachter said these are similarly unlikely.

    "They would face a huge backlash" he said. "They wanted manufacturers to do the dirty work, and both refused."

    According to Pachter, GameStop stands to be hurt the most not from the impact of potential used games restrictions, but the recent revelation that Xbox One games will be available digitally on day-one.

    "We believe that this disclosure has the greatest potential to negatively impact GameStop’s business, as GameStop is unlikely to participate directly in these digital sales," he said.

    At the same time, though, Pachter said it is in the best interests of Microsoft and publishers to integrate GameStop's PowerUp Rewards currency into digital transactions in some manner, thus giving the retailer a cut.

    Source: http://www.gamespot.com/news/gamesto...eports-6409446
    Downloads : 10 || Uploads : 0 || Rep Power : 1955 || Posts : 354 || Thanks : 107 || Thanked 78 Times in 59 Posts

    My Name is Name

    If you enjoyed the post hit the Thanks, and Like Button please!

  2. #2
    The Immortal God

    CloudStrife7x is offline
    Join Date : Dec 2010
    Location : Unknown
    Age : 28
    Posts : 18,759
    Twitter: @

    Re: GameStop Shares Rise After Xbox One!

    im all for Gamestop since i use them all the time lol, but yeah they will lose a lot of sales if everything goes digital and they aren't apart of it
    Downloads : 157 || Uploads : 0 || Rep Power : 21730 || Posts : 18,759 || Thanks : 4,444 || Thanked 3,092 Times in 2,605 Posts



Similar Threads

  1. GameStop managers get PS4, and Xbox One Free!
    By Name in forum General Discussion
    Replies: 14
    Last Post: 09-05-2013, 11:11 PM
  2. Replies: 11
    Last Post: 08-12-2013, 07:27 PM
  3. Electronic Arts Executive Sells All Shares!
    By Name in forum General Discussion
    Replies: 4
    Last Post: 06-09-2013, 03:13 AM
  4. Al Gore shares an incontestable truth: 'Games are the new normal'
    By jkipp82 in forum Xbox 360 News, Updates, and Rumors
    Replies: 1
    Last Post: 06-21-2011, 05:49 PM
  5. Replies: 0
    Last Post: 02-04-2011, 03:12 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

About 360haven

    360haven is an Forum Devoted To Game modding Fans from all over the world.

    An Awesome Community of Xbox 360 Gamers, Modders and Developers who Create & Share Tutorials, Applications, Gfx, Trainers and Gamesaves.

    A haven for the l33t.
    A scarce paradise for modders.

Like this page