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Forum » Videogame Sales Are Fading and Its Crushing GameStop
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Thread: Videogame Sales Are Fading and Its Crushing GameStop

post 1484072951 02-18-2017, 10:31 AM
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Videogame Sales Are Fading and Its Crushing GameStop

damn.....

GameStop may need a new start. The videogame retailer released details about its holiday sales Friday, and they weren’t pretty. It’s yet another sign of the eroding business for physical games.

Sales at GameStop fell 16.4% in the last nine weeks of 2016, the company said, compared with the same period a year earlier. Shares of GameStop tumbled 9% on the news, to $22.50.

All sides of the gaming business contributed to the decline. Even the hot new Nintendo NES Classic device couldn’t make up for big drops in Sony’s PlayStation 4 and Microsoft’s Xbox One console sales.

And the company struggled to sell new video games “due to difficult comparisons to titles launched a year ago,” according to a press release. But it’s not just that some big 2015 games did well. The 2016 versions -- like Call of Duty: Infinite Warfare, released in November -- did particularly poorly.

GameStop shares are down 16% in the last 12 months. Investors are paying just six times estimated earnings for the stock. That price-to-earnings ratio is 66% less than what the typical big stock gets.

http://www.barrons.com/articles/vide...stop-148432933
post 1484073321 02-18-2017, 10:35 AM
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More like SalesStop
It is the current year.
post 1484073331 02-18-2017, 10:36 AM
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change title to *physical* video games

in general games are still big business ($30B / yr)
post 1484073341 02-18-2017, 10:36 AM
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why the fuk would anyone buy games from gamestop. Complete ripoff.
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post 1484073351 02-18-2017, 10:36 AM
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Good
post 1484073501 02-18-2017, 10:37 AM
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Rip in peace gamestop
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post 1484073731 02-18-2017, 10:39 AM
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Lol I haven't bought a physical copy of anything since street fighter 4 and marvel vs capcom 3 srs
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post 1484073801 02-18-2017, 10:40 AM
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A few sales numbers for ONE business over a short period of time isn't an indication of a trend in the video game industry. Perhaps do some research before posting such a headline?

I don't play video games, so I have no stake in this, just an observation.
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post 1484073891 02-18-2017, 10:41 AM
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You can blame digital downloads for this and the inability to transfer games over.
post 1484074011 02-18-2017, 10:41 AM
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Because gamestop has very few ways to make money from pay 2 win f2p games on PC and mobile. The best they can do is sell gift cards.
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post 1484074231 02-18-2017, 10:44 AM
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Originally Posted By albeezy512⏩
why the fuk would anyone buy games from gamestop. Complete ripoff.
this

I wait a few years until the popularuty of consoles and games go down and get them all for cheap

im not a hardcore gamer so i dont mind waiting a bit
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post 1484074331 02-18-2017, 10:45 AM
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I love video games but hate GameStop, so good.
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post 1484074481 02-18-2017, 10:47 AM
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if I care about a game I just watch someone else play it


I only care about games with good stories, so that's all I'm looking for. not the interactiveness
post 1484074571 02-18-2017, 10:48 AM
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They have way too many stores, they are cannibalizing sales. How many different gamestops does a town really need?
post 1484074581 02-18-2017, 10:48 AM
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Originally Posted By Ripper908⏩
this

I wait a few years until the popularuty of consoles and games go down and get them all for cheap

im not a hardcore gamer so i dont mind waiting a bit
This

Patient gamer is patient
post 1484074651 02-18-2017, 10:49 AM
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Gamestop is going to turn into the next Blockbuster. Obsolete and old news. It doesnt help that Gamestop is a complete rip off.
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post 1484074681 02-18-2017, 10:49 AM
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they should make their trade in deals less chitty

brb trading in a $80 game for $10
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post 1484074771 02-18-2017, 10:50 AM
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I try my best not to go to gamestop.

All of the things you buy are not sealed, game manuals missing, annoying geeks working the storefront. No thanks.
post 1484074921 02-18-2017, 10:52 AM
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Originally Posted By 2RDEYE⏩
they should make their trade in deals less chitty

brb trading in a $80 game for $10
That's exactly why I hate them.
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post 1484074991 02-18-2017, 10:53 AM
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Originally Posted By 2RDEYE⏩
they should make their trade in deals less chitty

brb trading in a $80 game for $10
This. Brb return 2 week old game, buy back price 15 dollars. Brb store sells same exact game for 45 on clearance rack.
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post 1484075261 02-18-2017, 10:57 AM
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Originally Posted By Rexcalibr⏩
That's exactly why I hate them.
Originally Posted By AmIGoodNuff⏩
This. Brb return 2 week old game, buy back price 15 dollars. Brb store sells same exact game for 45 on clearance rack.
"but wait, we have our latest promotion, you get an extra 20% trade in credit with every trade-in you make! making that $10 trade-in credit...$12!" lmao
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post 1484075391 02-18-2017, 10:58 AM
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There are no games over that last couple of years that are awesome.

Many games, at least for Xbox are online multiplayer games, which suck because there's no story, players do not act like it's real, so they run around killing, jumping up and down, and it's so repetitive.

Or you have depressing open world games like Fallout. I read almost no one finishes these games. They are boring with no sense of mission, and so they seem cool at first, or appeal to autistic people who cannot take intensity and focus.

Game companies seemed to have given up and/or are going for making boring stuff because they sold in the past. That's great but if you make all games like that they won't appeal to a broad fan base and sales with die. When they start making games with a great story, a need for tactics, etc then sales will increase.
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post 1484075521 02-18-2017, 10:59 AM
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Physical stores in general for a lot of industries are essentially obsolete now. This doesn't mean video games are declining overall

Though I think overall video games are sh*t now
post 1484075541 02-18-2017, 11:00 AM
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Digital sales + games becoming chitty nowadays like movies
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post 1484075901 02-18-2017, 11:04 AM
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I dont know if its because I'm older now but there really hasn't been any good games to come out recently, fallout 4 being the only thing good in years and is bscially the only game I've bought for xbox one. and lol at buying games at game stop when steam has ridiculous good sales all the time got gta san andreas for a dollar and played the fuark out of it
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post 1484075921 02-18-2017, 11:04 AM
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1. Physical sales are fading, due to the inevitable full switch to digital within the next 10 years.

2. It WAS a particularly bad year for franchises, especially compared to 2013-2015 which had huge triple a title releases in all major franchises. CoD didn't even sell this year, a rarity.

3. Sales of games overall have never been higher, it's just F2P games and digital that are taking the market.
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post 1484076431 02-18-2017, 11:09 AM
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Forcing employees to badger customers is never a good strategy. Couple that with poor pricing and destroying/discarding games that don't sell and you really piss people off. If they would just fix this aspect, they'd much better off.

The switch to digital and the lack of good games clearly doesn't help, but those are secondary. The fact there's still 360 games being sold for more than ten bucks is a joke(outside of "rare" ones). If they would have huge sales dumping their inventory of old games, or even just lowered the prices to what they should be, it'd be night and day.
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post 1484076661 02-18-2017, 11:12 AM
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Gamestop blows so idc
post 1484076881 02-18-2017, 11:14 AM
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Normally I don't like a long running store chain to go under (jobs are jobs) but Gamestop has straight up been hardcore fuking over it's customer base forever. Their business model is to twist the knife in the back of gamers so good riddance
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post 1484077071 02-18-2017, 11:16 AM
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They'll be dead within a few years. There's already a growing number of games that can be downloaded onto consoles via xbox live and PSN.
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