Sony anti-used game patent leads to GameStop stock plunge
The technology - which tags individual game copies with information about previous use - could potentially be used to restrict the use of a game to one machine or user account. This could mean bad news for the US retailer - a major player in the pre-owned market.
The market responded to the news with selloffs of GameStop shares, resulting in the retailer's share prices falling by $1.57 to $24.09.
Michael Pachter of Wedbush Securities moved to appease investors, claiming Sony would be unwise to implement the technology to its full potential. "Sony would be materially hurt if its console blocked used games and competitor consoles from Microsoft and Nintendo did not," Pachter wrote in a note to investors.
"We think the reaction is overblown," he continued. Indeed, SCEA CEO Jack Tretton is reportedly against moves to implement technology designed to block used games.
Elsewhere, an analyst for Janney Capital has noted a similar pattern in the lead up to the PS3's launch.
Posted:
Related Forum: PlayStation Forum
Source: http://www.computerandvideogames.com/385005/sony-anti-used-game-patent-leads-to-gamestop-stock-plunge/
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Comments
Activez-Posted:
sikxlogikzActivez- Do none of you even read the story? Sony hasn't even confirmed they'll be doing this. It's a rumor. Even if they decide to do it, it's a bad move. They'll lose so much money. Which is why they won't.Actually, Sony and any other company only make money on the original purchase, leaving GameStop with all the profit for reselling games.
Wasn't aware of that. Thanks for the info.
DJxReWinDPosted:
Decayed Thanks Sony.
Now those money hungry ******** are losing some money
In which they then make themselves the money hungry f**kers
sikxlogikzPosted:
Activez- Do none of you even read the story? Sony hasn't even confirmed they'll be doing this. It's a rumor. Even if they decide to do it, it's a bad move. They'll lose so much money. Which is why they won't.Actually, Sony and any other company only make money on the original purchase, leaving GameStop with all the profit for reselling games.
Activez-Posted:
Do none of you even read the story? Sony hasn't even confirmed they'll be doing this. It's a rumor. Even if they decide to do it, it's a bad move. They'll lose so much money. Which is why they won't.
FoldPosted:
POLYSICS **** Sony for doing this retarded move, basically restricting players to only buy new games.
**** Gamestop for giving the most retarded prices and trade-in deals I have ever seen.
Someone see's it like I do :)
General_RaamPosted:
Xbox, this is why we all love you so dearly. Go away Sony, Nobody wants you here.
cooldude0990Posted:
this mans that i cant go to my friends house and play games with him.ohhhh wait i have an xbox
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