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.
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Related Forum: PlayStation Forum
Source: http://www.computerandvideogames.com/385005/sony-anti-used-game-patent-leads-to-gamestop-stock-plunge/
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yo2434Posted:
gtapro151 if they do this i wont be getting ps4 like i planned guess ill be stuck witch shitbox and buying 7 of them again....
your attempt at saying xbox has more failures is somewhat funny,im not sure if you saw but a few months ago on here there was a news feed that showed the failure rates of xbox and ps3 had become the same.ps rrod=ylod...
POLYSICSPosted:
**** 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.
**** Gamestop for giving the most retarded prices and trade-in deals I have ever seen.
gtapro151Posted:
if they do this i wont be getting ps4 like i planned guess ill be stuck witch shitbox and buying 7 of them again....
MoscoPosted:
With this new "tech" they are putting in the discs to link them to one console is where they screwed up. They are doing nothing more then hammering the nail in the coffin.
FamousPosted:
No do this, let gamestop go out of business. Then they will understand us gamers want a fair trade and not over priced games and cheap trade - ins
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