Re:GameStop Is Rage Against the Financial Machine
by cameldrv on Thursday January 28, 2021 @01:00AM
(#25938750)
Some consoles have disk drives. Playstation released their "Digital Edition" Playstation 5 which doesn't have a disk drive, and Microsoft released the Xbox Series S which also doesn't have a disk drive. Phones and tablets never did have disk drives, and the gaming market on them is large.
I think it's pretty clear that the days of physically buying games are quickly coming to an end. Years ago there were chains of computer software stores, and long after that, stores like Best Buy had huge computer software sections. The same thing will happen to games now that every console is connected to high speed internet.
Gamestop has lost money for the past two years, and it only shows signs of getting worse.
https://m.youtube.com/watch?v=alntJzg0Um4
I don’t fully buy it either but it’s not irrational. GameStop still sells a lot of games. Online is gradually taking over but it has been for what 20 years now and people still go to the store and consoles still have disk drives. B&M is not going away any time soon, and in some ways I think the hardest hits have already come and gone, what’s left now is likely to stay.