Seth
MD Party Room
Over the past week, major video game retailers such as Toys R Us, Best Buy, and now Amazon have entered the used game market. They will accept your old games, and give you in-store credit to make new purchases. This is great for gamers. It gives them more options than just Gametsop to trade-in their old games, console, and accessories. Competition leads to better deals, and reports are saying that Amazon will offer 10% more trade-in credit than Gamestop.
This is scary for Gamestop because 44% of their gross profits come from used games. If gamers, have the option to go elsewhere then many will take advantage of it. Many gamers have a not so positive view on Gamestop due to claims of the company favoring one console, hiring people who don’t know games, and most importantly many gamers feel like they get ripped off when they trade in their games. The world will never know if the first two are true, but now with all of these major companies entering the used-game industry the consumer will finally have options on where to go. Since the announcement of Amazon entering the used-game market, Gamestop stocks have dropped 14.9%!
Overall, this is great for the gamer. Amazon has already promised to offer a better trade-in value than Gamestop. This means that Gamestop will have to improve their trade-in values, and that means more money for the gamer. Unfortunately for Gamestop, this means less money will be coming into their company. Can Gamestop do something to maintain their dominance in the video game retail market, or will companies like Amazon and Best Buy take their crown? All we know for now is that more options will make gamers much happier, and keep more money in their pocket.
Gamestop has some serious competition | Real Talk From The HipHopGamer
Personally I think it nice to have more that one place to trade in your games and sometimes get better prices.
