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Price Action: GameStop shares closed almost 26.9% higher at $246.90 on Tuesday and rose 5.71% in the after-hours session to $261.01. Read Next: Can You Mine Ethereum With PlayStation 5?
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
The PlayStation 5 (PS5) is a home video game console developed by Sony Interactive Entertainment.It was announced as the successor to the PlayStation 4 in April 2019, was launched on November 12, 2020, in Australia, Japan, New Zealand, North America, and South Korea, and was released worldwide a week later.
Services like Steam, Origin, and Xbox Live do not offer ways to sell used games once they are no longer desired. Steam offers a non-commercial family sharing options. [25] This is also somewhat countered by frequent sales offered by these digital distributors, often allowing major savings by selling at prices below what a retailer is able to offer.
GameStop has been feasting on the resale of used games and gear for years. This is the small-box chain's highest margin business, Best Buy and GameStop Should Be Used to This by Now
Hasbro Star Wars: The Black Series The Mandalorian - Death Watch Helmet GameStop Exclusive
Hasbro Star Wars: The Black Series The Mandalorian - Death Watch Helmet GameStop Exclusive
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