- 12:02 am - Wed, May 22, 2013
- 8 notes
GAMESTOP STOCK PLUMMETS OVER 5% DUE TO MICROSOFT REVEAL
As you can see in the pic above, when the conference started this morning Gamestop stock was up higher than it was at opening, but shortly after, the stock began to plummet. The dip is a direct outcome due to Microsoft not being clear or specific about the Xbox One’s used game fee/situation. With Gamestop’s major bulk of business coming from used games, not having Xbox One games on those shelves as used product would be a crushing blow to Gamestop’s bottom line.