GameStop shares rebound

Following 5 percent dive yesterday on Sony used games suppression technology patent filing, speciality retailer bounces back.

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GameStop shares bounced back today, up more than 2 percent to $24.85 at press time. Shares of the specialty retailer dipped by more than 5 percent yesterday following the publication of a Sony patent application for technology that would block used games.

The technology would make it so only the original purchasers of a game could play a given title. Thus, retailers that buy and sell second-hand games like GameStop would be negatively impacted.

Analysts were not keen on the idea, however, telling Bloomberg Businessweek yesterday that such a technology would be detrimental to Sony's overall business.

Sony's patent application is by no means a guarantee that a future system, potentially the PlayStation 4, would leverage the used games-blocking technology. Sony has not commented on the matter since the patent application filing was discovered yesterday.

Discussion

230 comments
RoadStar1602
RoadStar1602

It's good that Sony is feeling the backlash for their greedy idea. If they ever go forward with it, it will do them much more harm than good.

KrazzyDJ
KrazzyDJ

The comments it seems were more useful than the news item itself which was mostly a rehash of previous news items clubbed together. Maybe Gamespot ought to start something of a News Feed / Ticker to report news that can best be reported in a line or two rather than writing full-fledged articles for every piece of news out there !!!

jlsgamespot
jlsgamespot

Personally when it comes to used games. I always find a better deal sometimes at E Tradepost or Gamestop in comparison to Xboxlive, PSN(Two of which I rarely purchase anything from) & The Big Walmart & Bestbuy. I have compared local prices and there is a big difference. Games at Walmart & Bestbuy take way longer to drop compared to their competition. I have learned to be patient a long  time ago when it comes to price drops at Gamestop & E Tradepost. Usually depending on the game it takes a month or more for the price to drop by $10 to $20 on a new game. I agree about Gamestops shady business practices. But even so, if you let them take advantage of you then you will be taken advantage of.  Gamestop profits off of "The quick fix itch" of most gamers & parents. A lot of gamers are aware of the price difference when they sale their games back, (been there done that) but it all goes back to "Fixing the itch,"  kinda like impulse buying. Gamestop knows this and cashes in on it while at the same time legally sidelining and stealing from Game Developers in the process. A little planning & patience goes a loooooong way.

Spankyspanky
Spankyspanky

Wow lots of people say it's the end of Sony without looking at the business perspective. It is not the end of Sony. If more people buy the games that they desire, then prices will be driven down and thus gamers will benefit from this. The expenses of gaming would be the same as buying used.

 

The price of new games actually increases when too many people buy used games. Supply and demand.. when demand is high, prices are driven down; that's what happened with LCD tv's.

 

 Personally I hate the used game buying experience.

Nexozable
Nexozable

Sony's battle on privacy and second hand games will hopefully be it's downfall. 

MoK86
MoK86

personally i dont really care about PS and i really dont care for gameslop i hate that company not only as a consumer but as an ex-employee. that company is evil and i would rather give my money to any other retail store than to give it to Gameslop.

Lotus-Edge
Lotus-Edge

This is how the PlayStation ends....

CaptWaffle
CaptWaffle

Solution to this whole problem:  Give the designers and publishers a small cut on used game sales.  It wouldn't have to be very large at all.... you might have to pay $18 instead of $15 for a certain game BUT you'd never have to worry about used games disappearing.  That extra 3 bucks might not seem like a lot BUT when that same COPY is bought and sold 2-3-4+ times, they get that "small slice" every time.  It would allow people like me to keep playing the game that I want to play (KoA: Reckoning ~ $30, Dragon's Dogma ~ $40, Dead Space 1 ~ $20, Dead Space 2 ~ $15, Silent Hill 3 ~ $20, Devil May Cry 1 ~ $2, LA Noire (Complete) ~ $25.)  You see the point: I could have gone on my little mini-shopping spree, or perhaps picked up 2 NEW games that would have been unlikely to be worth the $60 I'd have to pay.  If they make it to where you can't play used games anymore.... I'll be filling out my PS2, 360, and DS collections for years to come (hell, i'll probably get a PS3, too, for used games) until the next-gen systems have cheap "Greatest Hits" or used games or whatnot.  Especially with a lot of companies starting to put EVERYONE on part-time (they avoid the Obama-Care-Tax that way.... or having to pay full health coverage)... used games will be the only way many people are playing ANYTHING.  (this has nothing to do with politics.... i've just got a lot of friends that have been getting letters from their jobs lately.)

FatalShot84
FatalShot84

I currently own a PlayStation 3, but I've owned a Xbox 360 for a few years too before I had it, which I eventually lost to the red eye of death. That was when I purchased a PlayStation 3 Slim. I'd say at least 1/2 the games I buy are used because I don't see every game I buy worthy of $60, so being I like both the Xbox and PlayStation about the same. I can say after this announcement I will never own a PlayStation 4, so Sony lost me as a consumer when it does arrive and Microsoft has gained the loyalty of another as long as they don't do this too. I'm sure there are many more that feel the same way and Sony will lose and not gain business from this.

Jcleveger
Jcleveger

Well nobody get bore of there games if they bring more story DLC, and no more online map crap. Maps should be free.

tgwolf
tgwolf

Ummm, hello! Yeah, 'detrimental' in a way that FAR exceeds any supposed gain...really I don't know how people could be so stupid, but at least consumers in the FREE MARKET, still alive and kicking, are not dumb enough to support or even stand for such childish behavior.

digi-demon
digi-demon

Used games are not piracy and bolster sales of new.

Person gets bored of old game - trades in for a new one - without this option less new games would be sold - the shop purchases the new game and makes profit on used sales - the publisher makes profit on the new game sold - why can people get this into their thick skulls :P

 

EzechielPregzt
EzechielPregzt

I never understood why people sell games at Gamestop, they get so ripped off. Just sell it on Amazon or Ebay, you get so much more cash.

ChevLss
ChevLss

The only disgrace is idiots paying $45 for a used copy of a $50 game.

Darnasian
Darnasian

This page will be full of Steam fanboys and PC elitists in 3...2...wait! They are already here!

Darnasian
Darnasian

Do not really care , GameStop may as well just die. They are a disgrace to the gaming industry. 

FlashCharge
FlashCharge

Suppression technology would seriously hurt sales on hardware and software. Why would I want to upgrade from my present systems to a system that would limit my gaming experience. Doesn't make any sense to me as a gamer.

LordChen2
LordChen2

So the CEO put a whole lot of money into his own company to raise share prices.

 

I hope investors are smart enough to see it.

lemmy2
lemmy2

I'm all about the cup and ball now anyways. Seriously though, all this is going to do is make buyers more careful about what games they purchase. Once you buy a game you're stuck with it. My game spending would definitely drop significantly, I wouldn't buy games spontaneously, and I would check reviews before buying anything. I honestly think it would be the end of my hard copy purchasing. At Least with downloading games I can delete it from my hard drive. Who wants a bunch of hard copies kicking around of games you hate that you can't sell? I could very possibly be wrong but to me used games seem to help the market because a lot of buyers purchase more games knowing if they hate it they can trade it in. I know I'm not as careful as to what I purchase because of it, but I will be if this ever happens.

 

emptycow
emptycow

i give my money to the makers of the game i am playing not to the greedy  gamestop assholes

tightwad34
tightwad34

The market fluctuates, get used to it if you already aren't. I am also unsure why this article even exists.

00LiteYear
00LiteYear

Whether there is a patent or not, I don't see a reason to buy a PS4 anyway.

shinmew
shinmew

Who's hours did they cut this time to make up for it? It seems like every time their stock goes down, they take away from those that work for them just to make up for it. Funny thing is, when stock goes back up, they never give back to those that work for them, they just keep taking. Till this day, I still can't understand why people are dumb enough to work for them. There are far better jobs out there that pay more with less stress thrown at upper management.

kevindm215
kevindm215

does anybody out pay the ridiculous prices for some games on the psn for new titles like fifa which is 70 euro, when u can easily get it in any game store for a max of 60 maybe as low as 50. I'm really interested if ANYONE has paid these over the top prices, if so why? if this patent was to be implemented it means you cant even swap games wth your friends and it'd also ruin the rental industry, unless they sorted out a rental copy system.

RoadStar1602
RoadStar1602

@Spankyspanky What you are stating here is the complete opposite of what every first semester economics student learns. When demand goes up, prices go up. When demand goes down, prices go down. That is why, for example, the media is asking Nintendo if they plan to lower their price on the Wii U. Demand is low for that console. People aren't buying it. The way to get people to buy it is to LOWER, not RAISE, the price. Raising the price of an item that isn't selling well to begin with would make no sense.

So what happens when people buy used games? Does the demand for new games go up or down? The answer is that the demand for new games goes down and, therefore, the price of new games also goes down. That's what Sony doesn't like. So, they are trying to eliminate the competition -- and by unethical means. It's called "cornering the market." If they successfully eliminate the competition (used games), they can charge whatever they want for games -- and they will. 

It's all about greed. If buying used games drove the price of new games up, as you have said, Sony would be encouraging used game sales -- not trying to eliminate it. That would mean more money for them.

rmartinezdl
rmartinezdl

 @Spankyspanky I dont know what planet are you from but on earth if a game sells like hot pizza, SONY & MICROSOFT WILL INCREASE PRICES TO GAIN MORE PROFIT, the end of console era is near, the only reason i had a console was it was cheap to get used games and exclusives, but no exclusive will make me buy a ps4 if no used games could be played on them, PC has better graphics, and with big picutre, who needs a console?

 

jimbo6923
jimbo6923

high demand =/= low prices

 

high demand = high prices... it's called capitalism.

Spankyspanky
Spankyspanky

 @Nexozable

 Naw I disagree. It's the right move. You like cheap used games and so do I. The blocking of second hand games will ultimately lead to new games being cheaper.

MoK86
MoK86

 @Lotus-Edge lol really? maaan the Playstation was over the minute Xbox was introduced. hahahahah i cant believe you think that this is the reason why PS would end. HAHAHAHAHAH YOU SILLY GOOSE

jenovaschilld
jenovaschilld

 @CaptWaffle I would rather they add on $3 to the original purchase than (well basically tax) used games. Games depreciate just like cars, music, books, movies,guns, etc. - used books stores, used car lots, pawn shops have not killed off new merchandise sales and they still strive. 

Fact is - alot of the used games that quickly get spread to ebay, amazon, gamestop are titles that - well just suck. Or get traded in before that 'new' game comes out. 

I would rather see developers add in compelling content like great story you cannot give up, or new wonderful content that encourages more playthroughs. 

 

A law that would add on a fee to an item all ready owned when a private citizen wants to sell or trade to another is simply illegal. 

 

There are many ways that developers can block piracy besides a single person product. Games that require a disc in the machine while playing is fine and understandable. But a developer who feels they are not getting a cut because their game is spread used - need to ask themselves, "what can i do to compel consumers to buy our game new and then keep it". 

 

This is just growing pains of an new industry. They claimed vcr's would kill the movie industry, they claimed cassette and 8' track would kill music, and businesses throughout time have claimed used sales would kill of their business. But really can anyone name all the industries whois downfall was second hand selling of their product. 

 

lemmy2
lemmy2

 @ChevLssand then paying the $2(or what ever it is) gaurentee on a used game. The only really good thing is that sometimes you can find really old used games for $10 and under that are still being sold on XBOX live for $19.99 and up

 

Jebril
Jebril

 @Darnasian You don't have to be either to hate Gamestop...LMAO.

ColdstoneX3
ColdstoneX3

 @lemmy2 i think sonys main problem was, that they dont get a piece of the cake from used game sales. Be that as it may, i agree with you, my game spending would drop quite a bit as well, and while i know its only a patent that may never set a foot into reality, my desire to purchase a PS 4 has become next to none existant

desrow4545
desrow4545

 @emptycow Once again. the developers get their money not by how many games Gamestop sell but how many games Gamestop orders to begin with. Yes order numbers decrease as more use games come back to Gamestop BUT initial game sales are now bothered AT ALL but used game sales.  If Gamestop has a new game on the shelf then the company who made is has made money on it.. Get a clue

emptycow
emptycow

 @00LiteYear uncharted 4 looking 7 times better then uncharted 3 could be a reason to get a ps4 

Nexozable
Nexozable

 @MoK86  @Lotus-Edge It's hard to take that comment seriously when you've got a MGS 4 Old Snake picture as your icon.

Meteora1991
Meteora1991

 @MoK86  @Lotus-Edge 

Says the Xbox fanboy.

Both are going strong and are tied in the number of units sold.

U dont know what the hell ur talking about.

Darnasian
Darnasian

 @lemmy2  @ChevLssI understand used gaming for retro gaming , but come on! I saw some games for 5 new on Amazon while on Xbox live were 15 or 20.

Did I mention they were new for just 5?

Darnasian
Darnasian

 @Jebril  I meant the fact they came here to troll and to "predict" how console gaming will end with this. PC gaming is in a worse state than this 

desrow4545
desrow4545

 @ColdstoneX3  @lemmy2 The thing to remember is that you have to sell new games to get used games back.  Gamestop orders new games but popularity still and the developers have already seen their cut of the money once these retailers have ordered their games from the distributor. 

Darnasian
Darnasian

 @desrow4545  @emptycow Used sales are equal to new sales. This means if used sales simply die , then probably a bunch of gamers will quit gaming , but the profits will still grow in comparison to this point in time. This is what the devs want. They do not give a fuck if some dudes simply quit gaming because they used to throw money at GameStop.

Darnasian
Darnasian

 @emptycow  @00LiteYear Remember than Naughty Dog are just like Valve , but they know how to count to 3 , to 4 is a different story. There never was a Crash 4 or Jak & Daxter 4.

Darnasian
Darnasian

 @emptycow  @00LiteYearGiven there will ever be an Uncharted 4 or it will look more than 2 times better. I wonder in what world you live since you came up with such an accurate info and so much evidence.

Meteora1991
Meteora1991

 @MoK86  @Nexozable 

U didnt say you think the PS3 is the worst current gen system in your opinion. U said the PS3 is dying and that the 360 is winning the current gen battle. both have sold 70 million units so far although the 360 was out 1 year before the ps3.give me some evidence to support what u said in ur first comment.

 

No evidence means ur coming from a fanboy

perspective.

MoK86
MoK86

@Nexozable @Lotus-Edge my game or hero of choice for my icon has nothing to do with my opinion. You see you took that remark as it was from a fan boy. Thing is I'm not a fanboy I have all systems and the ps3 is by far the worst.

MoK86
MoK86

@Meteora1991 ....... Not going to bother