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spemanig said:

Hi, guys, this is Ray Stochel on for Dave. Good afternoon. What level of insight can you share on rumors the new Nintendo console is shifting from disc-based games to cartridges? And if you can't specifically comment on that, can you discuss any historical economic differences between cartridges and discs for the pre-owned business?

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Paul Raines, GameStop Corporation - CEO [39]

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We saw those rumors, and so obviously we can't comment on them. I don't think we know anything about it anyway.

But certainly for us, physical media is a good thing, right? As far as the historical, guys, anybody have any thoughts on that?

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Rob Lloyd, GameStop Corporation - CFO [40]

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I don't remember anything distinctly different between economics of pre-owned whether or not it was disc or cartridge based. Mike, do you?

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Mike Mauler, GameStop Corp - President of International [41]

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The only difference would be on the refurbishment and pre-owned side. And actually, cartridges are much simpler to refurbish and repackage. So there is somewhat a little bit of an advantage if it went in that direction on used.

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Paul Raines, GameStop Corporation - CEO [42]

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But it is early, guys, and we have got to all keep cool heads. Certainly I would say that the fact that there are rumors of that type just confirms for you that this is an important console for next year. It will have physical media, we will play a role in it, our pre-owned business will also play a role. So we're excited about that.

And of course we love Nintendo IP. So it's all good news.

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That's the actual transcript. He's speculating. He doesn't know if it has carts and he doesn't know if it has physical media. None of them do. Nothing to see here.

So I guess this means you haven't started drafting your "I was dead wrong about the NX being digital only" thread apology yet...