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Forums - Gaming Discussion - Gamestop goin' down? Stock price falls after Xbox Game Pass announcement

 

Does Gamestop need to go?

Good riddance! 40 40.00%
 
They're still useful to me, dammit! 27 27.00%
 
*shrug* 33 33.00%
 
Total:100

GameStop’s stock price has dropped nearly 8 percent today following Xbox boss Phil Spencer revealing the Xbox Game Pass service. This is a program where Xbox One owners can pay $10 per month to have unlimited access to over 100 Xbox One and backward-compatible Xbox 360 games. Of course, these are all digital games that you download from Microsoft’s Xbox Game Store, and it’s likely that investors are seeing this as a major threat to GameStop.

http://venturebeat.com/2017/02/28/gamestop-stock-price-tanks-after-microsoft-announces-new-digital-gaming-service/

Uh oh. This looks like shaky ground for the chain at this point. The Circle of Life indeed. Granted, I have no use for Gamestop and haven't stepped foot in one for years. What do you think?



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Watch them invest in GameTrust more and fail miserably



The "circle down the drain of life" more like it. Goodby GameStop, it wasn't nice knowing you.



   

Hey! They got SONY on my amiibo! Wait a minute. Two great gaming tastes that game great together!

Switch FC: SW-0398-8858-1969

I never bought a game at Gamestop :s.






This. Is. The. Blockbuster Effect.



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Don't care. I buy my used games at game conventions, retro gaming stores, and ebay.



A warrior keeps death on the mind from the moment of their first breath to the moment of their last.



Expected. Oh well.



dharh said:
Don't care. I buy my used games at game conventions, retro gaming stores, and ebay.

Well expect the prices to go up if Gamestop goes out of business.



They'll adapt in some fashion or go out eventually. There is no way the end result of an all digital future hasn't forced gamestop to build plans for this.

Though, I pretty much buy games solely digitally or from Amazon myself. Just easier and I don't like gamestop's policies towards used games or opening new games.



Gamestops business model was a slow sinking ship with everyone going digital. Same reason why Target is in trouble now too.



It is near the end of the end....