Technology

GameStop Shares Continue To Tumble As Digital Downloads Hit Company’s Crucial Money Makers

4 years ago

Anonymous $6AJGTL-6_8

https://wccftech.com/gamestop-drop-revenue-digital-download/

American video game retail GameStop (NYSE:GME) hasn't been doing well either on the stock market or on the balance sheet. Its stock is trading at $6.30 at the time of writing, above by only $3.27 over the 52-week low and less than half of a $15.98 52-week high. The stock shot up to $16.35 on January 18th 2019 after GameStop announced a 5% drop in holiday sales in the previous year. Annually, GameStop's Net Sales (the amount it earned without accounting for expenses) drop slightly last year, with the company earning $8,285.3 in revenue.
Recent shifts towards digital game retailing have long been highlighted as having the potential to disrupt brick and mortar stores. This shift has already occurred in a related industry, with BlockBuster being reduced to a single store running out of Bend, Oregon.

GameStop Shares Continue To Tumble As Digital Downloads Hit Company’s Crucial Money Makers

Nov 29, 2019, 7:17pm UTC

$6AJGTL-6_8

https://wccftech.com/gamestop-drop-revenue-digital-download/ > American video game retail GameStop (NYSE:GME) hasn't been doing well either on the stock market or on the balance sheet. Its stock is trading at $6.30 at the time of writing, above by only $3.27 over the 52-week low and less than half of a $15.98 52-week high. The stock shot up to $16.35 on January 18th 2019 after GameStop announced a 5% drop in holiday sales in the previous year. Annually, GameStop's Net Sales (the amount it earned without accounting for expenses) drop slightly last year, with the company earning $8,285.3 in revenue. > Recent shifts towards digital game retailing have long been highlighted as having the potential to disrupt brick and mortar stores. This shift has already occurred in a related industry, with BlockBuster being reduced to a single store running out of Bend, Oregon.