Xbox 720 announcent begins to draw blood. GameStop stock price dropping

Feb
06

Xbox 720 announcent begins to draw blood. GameStop stock price dropping

One the news of Microsoft XBox 720 allegedly ending used game support has lead to a dramatic fall in GameStop’s share price as reported by Forbes.

In October GameStop stated that that sales of used products accounted for 28% of overall sales and more than 48% of gross profits so it doesn’t take much imagination to figure out what this will do to GameStop’s bottom line.

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