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Stock impact report

Sony Just Dealt GameStop a Body Blow [The Motley Fool]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: The Motley Fool
There isn't much of a bull case for troubled video game retailerGameStop(NYSE:GMEhas been in decline for yearsGameStop's sales will probably get a boost during the 00 holiday season due to the scheduled launches of two new game consoles, the Xbox Series X fromMicrosoftSonyNYSE:SNEAt this point, the bull case for GameStop is:The bear case, in short, is that a chain of thousands of stores selling physical video game discs makes no sense anymore and GameStop is facing an existential crisis with little chance of a sustained turnaround. Strong balance sheet or not, the core business is doomed.The DualSense controller for the PlayStation . Image source: Sony.The bull case takes a hitThe third part of the bull case for GameStop was weakened on Thursday after Bloomberg reported that Sony was limiting its initial production run for the PlayStation . The company has reportedly told assembly partners of plans to manufacture million to 6 million units for the fiscal year ending in March 0. In th Show less Read more
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