Industry Wary of Amazon Trade-In Move

Edge writes: "The lure of the lucrative used games business was too strong for leading online retailer Amazon to ignore, as the company unveiled this week a program that will have customers exchanging their old games for store credit, a business model that that can result in fat margins if executed precisely.

With the entry of Amazon, an organization with projected annual revenue of $19 billion, speculation arose that top specialty videogame retailer GameStop could lose some of its used games market share. Amazon's news caused GameStop share prices to slide on Thursday."

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