250°

UK retailer GAME to cease video game trade-ins, staff say

"As part of the integration of GAME, we will be phasing out the trade-in, pre-owned and Game Elite offerings in the UK over the coming months," a spokesperson for the chain's owner Frasers Group told BBC News"

Read Full Story >>
eurogamer.net
ocelot07137d ago

Seems like a blizzar move here. It's the second hand market they thrived upon.

If I'm not mistaken game are owned by the same company who own GameStop in the US?

BeHunted137d ago (Edited 137d ago )

"Seems like a blizzar move here"

How? Game charges £5 delivery fee. Overpriced.

GameStop doesn’t own Game. Mike Ashley does, who owns Sports Direct, House of Fraser, etc...

ocelot07137d ago

Yup I was wrong about ownership.

Yes they charge £5 delivery that is terrible. GAME is a awful company. But it is a blizzar move as just a few years ago they where crying over that the pre owned market was their bread and butter. Trade in prices have always been crap at game. But realistically got most cities in the UK. If you wanted a new game on release. Game was the only store that you could go to to trade games in towards brand new games.

-Foxtrot137d ago

Whaaaa

Gamestation is gone

Grainger Games is gone

CEX is shit

Jesus. The only reason we use GAME is because there’s nobody else and they get away with this shit.

ocelot07137d ago

I I'm fine with cex. It's the best place to trade and buy second hand games. Game has been rubbish for years imo.

Surprised they will be getting rid of Game Elite as well. I have £32 game points. Think it's time I got and spend that and get something I have been meaning to buy.

BeHunted137d ago (Edited 137d ago )

Game owned GameStation. I didn't 'see a point owning 2 Game Stores with different names that sell the same stuff.

-Foxtrot137d ago

They owned them but they didn't originally.

It was only when they were bought and after GAME went into administration they started to close GameStation shops down or replace them with GAME ones

Basically getting rid of their competitor

Agent75136d ago

But GAMESTATION was a lot better.

ModsDoBetter137d ago

Games Centre was a great wee independent retailer in the UK too, sadly gone years ago.

I pay £3/month for Elite as I usually buy 2-3 PS5 games a month so getting 10% back as credit on a £6-£70 game adds up. Strange move they're stopping Elite now...

-Foxtrot136d ago

Their trade in offers are f****** atrocious even when games are in good condition and still almost new releases

Agent75136d ago

CEX is a joke for prices now. They list games as mint condition, which is against the Trades Description Act. Mint condition mean that an item has never been handled/used. They'd be hard pushed to advertise games as being in good condition. Handled by so many people, scratched disc and food on the manuals. That's CEX is a nutshell.

-Foxtrot136d ago

I remember taking some film steelbooks to CEX when I needed money once, they had never been opened but when I took them they made me take the plastic off them, open them up and only gave me shitty trade offers that matched "Used" conditions. Why? Because they had been opened...

+ Show (2) more repliesLast reply 136d ago
purple101137d ago

eBay does well on second hand games, always works for me, always get more than I would have done trade in .

which if effectively a double con, as with a trade in you are normally offered a fair market price, on the reasoning, you are in-affect promising to buy the future product form the same retailer.

Number1TailzFan137d ago

Yeah eBay will give you a better return especially if you get those fee promotions every 2 weeks, some just like the no hassle risk with CEX. No chance I'd trade in a rare/expensive game to CEX like my copies of Shantae & the pirate's curse for switch there tho, they'd probably give you like 1/4th of it's value.

ModsDoBetter137d ago

CEX is the one for me.
eBay have terrible seller protection and after being burned twice over games that I've sold, I just stopped using it. If I want to sell a game, I just take it to CEX who offer a decent price compared to GAME.

andy85136d ago

olMyerslo can I ask how you were burned? Because I use ebay frequently but I make sure to have the item tracked and signed for. Only issue I had was a guy trying to claim PayPal saying he didn't receive a controller, but I had the tracking number so they ruled in my favour

ocelot07137d ago

You should give Vinted ago. Zero fees for the seller.

andy85136d ago

Were people even doing this these days? They offer awful amounts. The best way is to ebay or gumtree. Day ones games are generally getting 90% of my money back after I'm done with them

ocelot07136d ago

Probably kids/teens still doing it. I have not personally traded anything into game since I traded in a psp and games on the release day for the vita. Even then I got them to price match cex on trade in credit. They even stopped doing that a few years ago.

Kosic136d ago

A high street store can not compete with online. Game prices are £59.99 for a new release. Go with many of the online stores and those games are £44.99-49.99 for day one.

The fact game charge you £5 more to collect in-store compared to their own online shop is a joke. The excuse was on the lines "it's our stocking fee."

I stopped using game around 5 or more years back. I'd pop in looking for a real bargain, but rarely find anything.

I'm not surprised they're going out of business, they could not get with the times and they definitely could not compete with online when greed was the forefront.

Show all comments (29)
70°

HexGaming Launches Kickstarter Campaign for Hex Phantom

Custom Controller Company HexGaming launched a Kickstarter campaign for their latest pro controller, Hex Phantom. - IS

Read Full Story >>
infinitestart.com
80°

Evercade Alpha Reveals Affordable Mini-Arcade

This looks fun and affordable for fans of Retro Cabinet games.
Introducing Evercade Alpha, the first Evercade-compatible arcade machine. This bartop-sized arcade gives you everything you want in a home arcade machine with one big feature - full compatibility with the Evercade cartridge ecosystem.

darthv722d ago

I like the Mega Man one more as it has a better variety of games. Strider, Carrier Airwing, Final fight... The other is all SF. Plus i like that i can pop in any of my evercade carts to play as well.

Garethvk2d ago

As long as it is durable; it's a deal.

300°

Sony Says The PS5 Is Its “Most Profitable Generation To-Date"

During Sony’s recent business segment meeting and investor presentation regarding its game and network services, the PlayStation company revealed that PlayStation 5 is the company’s “most profitable generation to-date.”

It’s the top slide of the presentation, showing that in its first four years, the PS5 generation has already hit $106 billion in sales, having almost caught up to the PS4’s total $107 billion generated.

Operating income for the PS5 generation has also already surpassed that of the PS4, having now reached $10 billion.

ApocalypseShadow2d ago (Edited 2d ago )

I wouldn't doubt it. They released a high quality system. A lot of high quality games from themselves and their support of 3rd party developers and indies. They released many high quality remakes and remasters. They released a high quality GaaS game going against the naysayers thinking Sony would abandon single player games. And they most likely are profiting a lot more than PS1, PS2 PS4 and the loss leading PS3 that drained all their profits.

Now, I'll wait to see what's cooking tomorrow. But can you use some of those profits to better support your high quality VR headset? Because, by supporting it, you can sell more games and more systems and make more profits?

jznrpg2d ago (Edited 2d ago )

I want RPGs for PSVR2! Good ones of course

shinoff21832d ago

If it had some rpgs I would buy right fking now. It looks dope and alot of fun, but it's biggest game resident evil 4(maybe) I've got no interest in. I'm not a fan of racing games, even with that metro game coming i was never much into that series. Rpgs would be fantastic.

MrNinosan2d ago

Lemme know if ya wanna play some Zenith 🙌
Bought it at release, but haven't played it more than 1-2 hours but for sure on my "todo list".

Cacabunga2d ago

Normal when they released mostly cross gen games so far. That’s a lot of money saved..
We haven’t seen what PS5 can do yet. 4years in and PS4 games still look great to me. The gen leap isn’t quite there yet.

--Onilink--2d ago

The interesting metric for me is the $106billion in operating income/profit (not sales as mentioned in the article) reaching the same as the PS4 did with only half the consoles sold.

In particular because they all are supposed to be making the most per hardware sold after a few years when manufacturing costs are down.

So even putting inflation aside(and the higher console price), it is interesting that they could reach PS4 $ with just half the consoles sold.

Maybe there is more to the metric thats whats seen at face value, but they have clearly been making a lot more money than before on the software side (with also less games released I suppose, given its only been half the generation so far)

VersusDMC2d ago

The bulk of the money has to be coming from the 30% cut on all games and microtransactions. Especially on all the free to play juggernauts like genshin, apex, fortnight, etc.

--Onilink--2d ago (Edited 2d ago )

@Versus

They are definitely making a lot on that for sure (which the $70 price increase factors into as well), but its not like many of those games werent around for the PS4 too.

They might be counting the gen as a whole and not just PS5 itself (so extra profit from PC sales, whatever that may be)

PS+ price increase and different tiers probably amount to part of that too.

But in general, its still quite a surprising metric. Half the time, half the consoles sold, less first party games released so far and still already making more of a profit than last gen is quite something, and as mentioned, there is probably more to it that we dont know, after all, since we are talking about operating income, all the expenses they have also factor into it, so it is also possible that they have found ways to significantly reduce that + all the means of increased revenue that appear to be factoring into the equation

All in all, just an interesting situation from a business perspective

porkChop2d ago

It's for the whole generation, so it would likely be including PC. They also make much more profit on digital sales vs retail, and digital is far more prominent these days. The generation also started at the height of COVID when everyone was home, spending far more money on gaming/hobbies. It makes a lot of sense for this gen to be more profitable.

Abnor_Mal2d ago

This will surely shut up all the new trolling accounts trying to spread lies and non facts in other articles comment sections before this article is posted.

Hofstaderman2d ago (Edited 2d ago )

Obscurely, those trolls or troll will not show in these articles as the truth is contradictory to his or their orchard-sized daily dose of copium and hopium.

Tacoboto2d ago

Or... They're intentionally trolling you guys specifically. Because they know it upsets you so easily.

Name-dropping Orchard, after this many months? How long has it been and he's still in your thoughts?

Elda2d ago (Edited 2d ago )

I'm quite sure the individual is reading these positive comments downvoting & seething at the same time. Edit: It just downvoted my comment...lol!!

Hofstaderman2d ago

No I'm entertained by this individual. I love unhinged people, they are so interesting lol.

repsahj2d ago

Wow! I am super impressed that in just 4 years, ps5 already caught up to the PS4's. Congratulations.

JackBNimble2d ago

That happens when half of your games are cross platform. I'm still waiting to see what the ps5 is capable of, because they sure haven't pushed any limits.

And where are all these ps5 exclusive games?

sagapo2d ago

Not really surprised as Sony barely has any competition at the moment.

Show all comments (47)