GameStop Stock Plunges 10% Following Recent Xbox Rumors

Remember when GameStop’s stock dropped 5% following the discovery of Sony’s patent to block used games? For a company that relies so heavily on used game sales, things just got even uglier for GameStop.

Due to today’s batch of rumors about the next Xbox, investors are worried again. Among other things, it’s rumored that the next Xbox will also block used games, and with both Microsoft and Sony looking to eliminate the used game market, GameStop’s stock has dropped a whopping 10% so far. How long can GameStop survive in the next generation with only Nintendo allowing for a used game market?

We’ve seen GameStop expand their market to include smart phones and tablets, and prominent leaders in the company have discussed bringing back retro games and consoles for sale. Will these expansions be enough to keep GameStop afloat without used games?

Source: GameChup