GameStop Profits from Next-Gen Systems
By Andrew on Tuesday, August 7th, 2007 at 11:34 PM PST In Games Industry
Those old games are like gold to GameStop. Well, okay, they’re actually “money” in the literal sense to GameStop, since that’s pretty much their livelihood.
But GameStop’s sales have soared 23 percent according to Fool.com, and all thanks to everyone who hasn’t quite jumped into one of the next-gen systems. Some gamers still think that there’s still some life left in their PlayStation 2, which I would agree with, seeing as how there are still quality titles floating around.
According to the article, 50 percent GameStop’s revenue last year came from the sale of used games. Because the flow of traded games continues into the next-gen systems, possibly even increasing with people getting rid of their old systems and selling off their collections, the value of the company just keeps going up.
I have to admit, I’ve used GameStop almost like a rental store during the past few years. In fact, I keep slapping myself across the face for not just using GameFly, because as it is I’m just a sucker paying huge rental fees.
via Fool.com
Ain’t that the truth? I’m one of those people who recently dumped their old collection upon acquiring a new system which essentially equals throwing money on the fire when you look at the profits being made by places like Gamestop. 50% is unbelievable.
Having vowed not to make such a mistake again I did sign up for a gamefly account so you’re on track there. Not only am I buying fewer games (thanks to being able to play before I buy) but I’m not building a stack of games that never get played and end up gathering dust thereby disgusting my wife who inevitably ends up dusting them off, organizing them, cleaning them up, what have you. When I decide there is something worth owning I can buy it and/or use the “keep it” feature on my gamefly account and they send along all the manuals and packaging free of charge. I don’t know why I didn’t get on board sooner honestly. The account has basically paid for itself.
totally agree. GameFly is the only way to fly these days. i’ve play more games in the past 6 month than I had in 6 years, cause I don’t have to worry about whether the dough I drop will fall through on a sorry title. no joke. i can also “keep’ whatever I like at huge discounts. just like pillaging the bargain bin without ever leaving the house. this service is killer. http://www.gamefly. get ‘em now. your gaming life (which is my life
) will get better and better. and that’s what gaming’s all about.