GameStop’s shares crashed 18 points Wednesday morning. What’s behind the big drop? WSJHeard explains. WSJWhatsNow
There is probably no great time these days to be in the videogame retail business, but some times are definitely worse than others.
For GameStop, that turns out to be a year before new Xbox and PlayStation consoles come out. Microsoft and Sony are both developing updated versions of their popular machines that are expected to launch next fall. Consequently, game buyers have little motivation to buy new machines now.
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