Gamestop earnings report has multiple red flags everywhere. Wow.
This past fiscal quarter should be the best (for holiday reasons) and since their reach is worldwide seems the issue is worldwide, and the 20% drop eye opening.
The sales of Xbox and PS4 and its games seem to be the only saving grace.
Drops for xbox and PS3 are to be expected and indicates that the replace rate from them to the new console is quite rapid.
No mention of Nintendo in any of the reports ive seen from various sites. Either Nintendo sold a lot of software digitally or many of their software just didnt sell (along with hardware 2DS/3DS and Wii U, Wii and DS in terminal decline doesnt help either). Doesnt bode well for the upcoming npd numbers as well.
No mention of their used software either and their fiscal year isnt even over yet so they may be room for further declines.
