80°

Gamestop and the 70%

In a recent Gamasutra article, Gamestop CEO Paul Raines came out swinging at industry insiders that have decried his company’s used game market as a blight upon the business by announcing that 70% of the money paid out to gamers in exchange for used games is reinvested in brand new titles. Supposedly that’s $1.8 billion–or about 900 million Madden 2007 trade-ins.

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nukeitall4274d ago

Haters will hate, but this is competition!

If we did it buy what game developers and publishers wanted, we would only buy a game year because that is all we could afford!

yeahokchief4274d ago (Edited 4274d ago )

It's not competition.

They're parasites.

If it wasn't for gamestop, our DLC would be better and cheaper because the actual developers would be making a lot more money off each title and they wouldn't have to price out content like that.

Sorry I believe in paying people for their work.

Lvl_up_gamer4274d ago (Edited 4274d ago )

How do you know that dlc would be cheaper?

If I was a developer I wouldn't lower the price for dlc because history shows people are still buying it at its current price.

I don't get the hate for GameStop. It's ok to by a used car, boat, truck, etc but not games?

Nobody is forcing anyone to buy used. People that do buy used most likely wouldn't by dlc anyways since money is clearly an issue if you can't spent $10 more for a new game let alone $20-$30 for dlc.

nukeitall4274d ago

@yeahokchief:

You really need to google "capitalism" and the idea of pricing is set to what the market can bear.

GameStops provides thousands of jobs and stimulates the economy. They aren't parasites!

If you want to talk about parasites, look no further than a large amount of people on wellfare!

yeahokchief4274d ago (Edited 4274d ago )

HAHA!!

"provides thousands of jobs and stimulates the economy"

Minimum wage jobs despite all their profits. I'd hardly call that living. You'd be better off just accepting welfare and using the time to make yourself more marketable.

This parasitic company needs to die. Parasites of the game industry and parasites of the people they employ. Parasites. They don't actually do ANYTHING. They're middlemen. A retail version of ebay where they take a much bigger cut. You're stupid and lazy if you go there to sell.

mananimal4274d ago (Edited 4274d ago )

Everyones entitled to a opinion.....

The Writer says..."For the consumer, constant trade-ins make good sense. Play a game, finish it, and trade it in quickly, and you’ve got about $20 on your hands. That’s a solid 33% off your next purchase of a brand new title (not considering state and local taxes, of course). Do this four times, and one of those games is essentially free, minus the time you lost fending off suggestions that you pre-order something. "...

.huh? !! I disagree & heres why:

If a brand new game cost $60 freakin dollars & you ONLY get $20 back on average, youve just thrown $40 dollars away, by sellin it back to these greedy used game market criminals. Its not good logic or pratical, if a business operated on that principal of throw'n $40 away , how long do you think they'd be viable? lol, exactly, but they tell you the consumer, " its good business, its a good deal for you" , ha! ha! ha!, wtf?????!, when is loosing $$ at a rate of more than 50cent on the dollar good business???, NEVER!!, thats why "THEY"(Industry) dont do it, but they dont mind the sheeple consumer being dumb enough to do it. ah sheeple, when will you ever learn.

As far as Gamestop goes, Imo its a complete rip off to sell or buy used games from them. It would be better to get online & order a game from Amazon.com were you'll pay considerably far less for used & new games. If gamers only had the discipline & patience to wait, wait 6months to a year for a game to come down in price, wait for the GOTY version to come out on certain titles, theyd save more $$, & not waste it on a game your gonna essentially get bored of 1 day & not want to play any longer.

Moby-Royale4274d ago

(Note: none of this is said with any spite)

You aren't losing forty dollars.

You are spending sixty dollars on a product. You then choose to trade that game you purchased for credit towards another purchase.

Now you could argue that you don't receive what you would consider to be a satisfactory amount of credit..... but... I don't see how that translates into you throwing away your money. You bought a product.

Surely you realize that if you bought a game and they just gave you all of your money back that nobody would be making a profit, right?

That is simply illogical.

If you consider spending money on a game to be a waste, then perhaps you should adopt a different hobby.

You shared your opinion, and now I've shared mine.

Take care.

vikingland14274d ago (Edited 4274d ago )

@mananimal^^^^when I buy a newer realeased used game for 54 dollars and beat it before the 7 days that gamestop gives to return it I don't lose a penny. You see once I beat a game I almost never play it again,not allways but most of the time. So it all depends on how you use Gamestops used games policey.

Moby-Royale4274d ago

I'm not judging you by any means, but that just seems dishonest to me.

Do you say that it's broken or something?

I just don't see how they would let somebody bring back a game for a full refund after playing it completely.

I'm honestly curious.

Again I am not judging. Perhaps I just need some sort of explanation.

vikingland14274d ago (Edited 4274d ago )

It's their policey no explanation needed I asked them myself. Also once in a while I keep the game longer like say its an RPG then I lose money. Have you ever ever ever bought a new game and didn't like it? I like their used game policey for that reason alone.

vikingland14274d ago

Does it still seem dishonest?

3dawg4274d ago

its not dishonest because gamestop employees suggested to do exactly that play it return it with in 7 days they dont lose money because most of the time we would buy another game after that. they made their proffit whether we buy another one or not thats their bussiness. plus they keep the customers back in the store that way.

vikingland14274d ago (Edited 4274d ago )

My question was if I beat this game in the seven days can I return it? And I also said " that it seemed wrong" and they said that is their policey. Ask them and see what they tell you.

vikingland14274d ago

They allways ask whats the reason you are returning the game and I tell them I am done with it I beat it and thats that.

Shadonic4274d ago

Well I take time to calculate how much I'll get with bonuses from trade ins to get the best deals at say best buy and when I do I usually get about 120+$ from mostly old games no one Plays and maybe a title I bought at full price but didn't enjoy.

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320°

GameStop Boss Says Disc Drives Should Be Required On Game Consoles

"It would be great if people had to buy more of the thing," says guy who makes money selling the thing.

XiNatsuDragnel230d ago

Absolutely consoles needs disc drives.

wesnytsfs230d ago

Nah should be optional. Not a PS fan but I like their strategy of selling an optional external optical drive. Its all about Options and this will let everyone get their way. Cheaper for digital only and then you can chose to pay more for the optical drive if that is important to you.

Profchaos230d ago

That's not official yet it's only a rumour

Eonjay229d ago

@Profchaos

But what he describes already exists in the 2 base models. If it is a rumor you can blame Microsoft for really backing it in court but if we are honest we all know it's true.

Profchaos229d ago

@Eonjay I'm not denying the appeal of it I can see it being a useful mechanism for allowing gamers to upgrade as needed however until there's concrete proof and not speculation and remember ms still bases that court submitted document off of the same leaks we see on Reddit, 4chan etc I just can't believe it.

The system would be further opened to exploitation and they would need to release an overpriced drive for consumers to buy for it and sure as they do we will hear complaints over the cost of it

ChasterMies229d ago

Absolutely consoles don’t need disc drives. My house has 2 PS5 digital editions, one since launch. Zero issues with the lack of disc drives. In fact, the digital purchasing lets us all share each other’s games, usually mine, and play the same game at the same time on-line.

shadowT230d ago

Optional drives would be best strategy.

-Foxtrot230d ago

If they did then collectors wouldn’t be getting f***** over with discless collectors editions

jeromeface229d ago

yea they would, discs cost extra... even when you're already paying a premium

-Foxtrot229d ago (Edited 229d ago )

Lmao

We are paying roughly the same now without the discs. There’s literally collectors editions which are roughly in the same price range that have a disc.

I’d rather pay a little more for something physical anyway

RupeeHoarder230d ago

No shock, GameStop is alive because of trading. If they don't have used games on their shelves they are absolutely donezo.

darthv72230d ago

Well of course the GS boss thinks this... that's their bread and butter business. That and funco pops and clothing, though those two were added as a means to supplement the decline in people buying used games or even new games. GS just sucks overall when it comes to gaming. I buy my physical stuff on Amazon or Best Buy.

As for "requiring" disc drives... nah. Not anymore, but i like having them as an option. They had a means back when games actually ran off the discs and were more/less complete. Now they are incomplete and the disc is really an installer with a license to play. If you want to change games you have to take out the disc and put in another. Its more convenient to just use digital. I have been into digital for years now and when the PSPortal comes along i wont even have to go into my game room. I will just play my PS5 from my couch downstairs. I have a bunch of digital installed games to my 5... I'm all set.

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520°

Xbox Series X owners can effectively grab a 'free' PlayStation 5 right now

Gamingbible writes: "Luckily, if you’re living in the US you can trade your Xbox into Gamestop, where you’ll receive a hefty amount of cash as well as a $50 bonus for certain customers, just short of enough to buy the PS5."

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Jin_Sakai259d ago

A good deal for those who want a console with games.

S2Killinit257d ago (Edited 257d ago )

Lol well, we tried. But you cant save a person from drowning if they wanna hold on to their fur coat.

Im kidding off course.

Hypertension140258d ago

@Julion0715 @ichdich

So you guys won't change consoles?, give me reasons.

Your answers will probably explain why I'm so f**cking pissed off at Microsoft for buying two large mulitplatform publishers.
It isn't easy right? but you guys don't care because is not happening to you.

Lightning77258d ago

No thank you? N4G won't stand for this blasphemy!

SF releases next month hopefully that should give ppl incentive to keep their console. I know there's PC you can play there to but not everyone wants to play on PC.

Rockstar258d ago (Edited 258d ago )

@Hyper,

My guess is they love either their piece of plastic, their corporate overlords or gaming on the cheap.

Likely a combination...

itsmebryan258d ago

@hyper
Gamepass and I have a gaming PC so, I can play all the Sony "exclusives " at a higher frame rate and graphical fidelity. Why would I trade my Xbox for PS5.

After adding ABK they will have even more games at a great value.

Lexreborn2258d ago

@bryan

By that same logic what would be the point of having an Xbox? If you have a pc that handles both ps5 and Xbox games you don’t need either.

Rockstar258d ago

@ Lex,

Bringing logic into it?
That's low!

itsmebryan258d ago

@lex
I got my gaming PC last year to replace my old PC and I already had a XSX. It's pretty simple.
So, Zero horizon was disappointing and Spiderman/ miles ( got both for $50)are just ok. I might get R&C when it goes on sale.

Zhipp258d ago

@Hypertension
If I had time for a PS5 I would have bought a PS5 by now. I intend to someday, but at the moment my backlog is too big. Not only would I have to trade in all my games (for pennies on the dollar) and rebuy them for PS5, but Xbox actually finally has some exclusives coming out in the near future that interest me. I'll get a PS5 whenever Naughty Dog's next game comes out, at the latest.

fr0sty257d ago (Edited 257d ago )

@itsme

"I can play SOME the Sony "exclusives " years later. Some of them run better, some run worse." - Fixed

MrNinosan257d ago

@bryan
Your logic is amazing.
Not even close to all the Playstation games is being released on PC, and if they are, it's years past release, and often in a state when PC masterrace people cries anyways.
By logic, you should have a PS5, a PC and maybe a Switch if you're into that crap.

Especially as 100% of the Xbox games is also release on the PC, day and day.

Toncsipapa257d ago

Obsivously you get dislikes on this ps fanbooooy page :D

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Rockstar258d ago

@Jin

Judging by the replies here some of these people don't prefer games :).

On topic, I wish I could trade in my xbsx for a steam deck!

Julion0715258d ago

Then sell the x and get a steam deck 🤦🏾‍♂️

Rockstar258d ago

Why didn't I think of that?
Thanks for the tip! /s

goldwyncq257d ago (Edited 257d ago )

What games? FFXVI is the only true exclusive PS5 has right now and that's going to PC eventually too.

itsmebryan258d ago

@jin-Sakai
What games are you looking forward to this year?

Jin_Sakai257d ago

Spider-Man 2 and there’s plenty of great games to play that released over the years. Can’t say the same for Xbox.

DarXyde257d ago (Edited 257d ago )

There's a pretty decent slate of games coming out this year for all platforms. Armored Core looks great, Mortal Kombat 1 looks great, the info we're getting on Tekken 8 has me thinking it's coming this year. Sea of Stars can't be slept in either. If we're just talking about PlayStation games, Spider-Man 2 and Stellar Blade are expected to release this year and both look great.

I believe jin-sakai has an Xbox Series X (I could be wrong), but I reckon they're interested in those games, along with Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II are all very welcome titles for the rest of the year.

I think no matter what platform you're playing on, there's enough there to generate a backlog.

EDIT: How the hell did I forget Lies of P? 🤡

shinoff2183257d ago

Darxyde

"Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II"

Enough said. That's my game slate for the rest of the year.

DarkkMinion258d ago

That ain't a deal at all. Trading in a beast of a console for that, I don't think so.

Jin_Sakai257d ago

It’s a beast alright. Lol

“Digital Foundry about XSX teraflops advantage : It's kinda all blowing up in the face of Xbox Series X“

Jin_Sakai257d ago

All these “No thank you” comments from duplicate accounts. Lol

Christopher257d ago

I mean, I wouldn't trade in one console for another but instead buy both, prioritizing one over the other based on games I like.

Jin_Sakai257d ago

That would be the obvious choice but some might only be able to afford one or the other. And you have fans who will only support their console of choice regardless.

FinalFantasyFanatic257d ago (Edited 257d ago )

The PS5 is a better deal in the end, I really can't see the appeal of sticking with the Xbox.

DOMination-257d ago

"A good deal for those who want a console with games."

Like what? After all that bravado, the only game you could name was one that isn't out yet (Spider-Man 2)

Don't get me wrong, the XSX lineup in pathetic. But lets not pretend that the PS5 is any better. You can count the number of console exclusives for both on one hand.

If you're looking at games announced with release windows, there's only one console to get as it stands if you want games and it's not the PS5.

Jin_Sakai257d ago

PS5 has one slow year yes but they will start pumping out games soon and everyone knows the quality of their first party games are unmatched.

shinoff2183257d ago

Did the Xbox get any legend of heroes games, alot of jrpg type games skip the Xbox so unless your not into those types of games Xbox isn't a good choice at all. Alot of us from what I see have stuck with sony for the longest because they've had a great jrpg catalogue from 3rd party developers that xbox just can't touch. Those of us that enjoy alot of different games will get both consoles , I bought my series x about two weeks ago for starfield. It will only get used for a game here or there, most likely anything rpg related.

crazyCoconuts257d ago

Hard to tell who are in the Xbox Ambassador program from some of these comments. But for the masses, the console sales numbers are telling us which way the winds are blowing. XBox is in an important/pivotal moment right now imo

The_Blue257d ago

It's cool, I'll stick with my Xbox.

+ Show (10) more repliesLast reply 257d ago
Elda258d ago

At this point in time If I didn't own a PS5 I would have done this in a heartbeat but I had already acquired a PS5 first before I acquired an XBSX.

darthv72258d ago

I'll stick to keeping both. Gamestop though... seems kind of desperate to take in Series X units. What could they be plotting???

Eonjay258d ago

Almost certainly their plan is to charge obscenely high prices for a used Xbox.

myfathersbastard257d ago

They make pure profit on used consoles. They don’t share any of it. And they’re generally only like $50-$100 cheaper than new.
So they “sell”a PS5, make their small cut from that. Then sell the refurbished Xbox and get to keep all of it. It’s win win. They get a small cut on PS5, and a large cut from the Xbox.

Profchaos257d ago

Could be two fold sell as much base ps5 stick before the slim or pro drop and resell the xsx for those after a starfeild machine

jznrpg257d ago

PS gamers buy games number one. And they make money off used consoles. It’s a double benefit for them

Charlieboy333257d ago

Collecting more Series X consoles to sell on to MS for the cloud

+ Show (3) more repliesLast reply 257d ago
Lexreborn2258d ago

I just want some games for my series X I have both since release and after weighing the offerings in PS Essentials to Gamepass I quickly realized I Owned anything of worth in both catalogs. And, the things I didn't I didn't see as justifiable for maintaining both subs.

Since then my series X is a legacy machine that I play my old games on and that's it. 3 years ago I really thought from that Xbox showcase we were going to have some great games by now. Instead, it's just been a lot of meh

Chevalier257d ago

Yep. That's why I waited this generation to have a reason to buy the Series X. Got horribly burnt buying the Xbox One because I decided they had games I was interested in then they canceled the games I wanted right after.

Was tempted after they had that great showing awhile back and am glad I waited because it would have collected dust for 2 years otherwise. Couple games out and on the horizon that look pretty good. Might be a good purchase in a couple years.

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70°

GameStop CFO to Resign in Latest Executive Departure From Retailer

GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer.