Gamestop Stock Dives Following Report On Xbox One Used Games

Gamestop Stock Dives Following Report On Xbox One Used Games

Concerns from Gamestop shareholders caused the gaming retailer’s stock to fall 19 percent after a story detailing the profit sharing system for used game sales broke on Friday.

According to a report from MCV, Microsoft may work with certain sanctioned retailers that would resell used Xbox One games, with a somewhat eyebrow raising policy that would essentially mean both Microsoft and the publisher would get a percentage of every sale.

Given that Gamestop has enjoyed a 100 percent profit margin on used games since time immemorial, a move like this from Microsoft would be a big deal. In any case, though, they need to figure out their used game strategy before a lack of transparency echoes into a full-scale quagmire.

Via Joystiq

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Tags: gamestop, microsoft, next-gen, xbox-one, stocks
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