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GameStop (GME) Off Lows as Analyst Confident New Game Consoles Will Support Used Games

February 6, 2013 11:47 AM EST Send to a Friend
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Price: $42.20 -2.25%

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GameStop (NYSE: GME) is moving off the morning lows, with analyst at Piper Jaffray defending the stock mid-day after earlier reports from the Edge that the new XBox will be exclusively online and will not support used games.

Piper analyst Michael Olson said he is confident the new PlayStation and Xbox will support used games.

Shares last traded at $24.96, down 6.9%, but are off the day's lows of $23.75.




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Comments

GME is dying a slow death
Jimmy H on 2013-02-06 12:00:12
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Neither XBox nor Playstation IV will support used games the way you would want them to do it. GameStop will loose their 2nd game trade and thats why its game over.. You will have to register the game online and that will end 2nd hand trades... GameStop is gameover.. The retail business is a hard business when you are selling software in 2013..


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