UPDATE 2-GameStop's console sales drop as users await newer launches [Reuters]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Reuters
GameStop's console sales drop as users await newer launches - Reuters 2 Min Read (Reuters) - Video game retailer GameStop Corp ( GME.N ) reported a bigger-than-expected quarterly loss, as the current console cycle neared its end and consumers increasingly shifted to downloading games rather than physically buying them. The company’s shares plunged 15% in extended trading. GameStop reported a 41% fall in new hardware sales for the second quarter, as users preferred to wait for the next generation of Microsoft’s Xbox consoles and Sony’s PlayStation scheduled in 2020. The results also came against the backdrop of technology giants like Alphabet Inc’s ( GOOGL.O ) Google and Microsoft ( MSFT.O ) developing game streaming services. Sony Corp ( 6758.T ) and Nvidia Corp ( NVDA.O ) also offer game streaming services. In March, Google announced its Stadia game streaming service, allowing users to play games through their internet browser, while Apple Inc ( AAPL.O ) announced the unv
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GME
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- 3/26/24 - Miss
GME
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- 4/23/24 - Form 144
- GME's page on the SEC website