GameStop shares surge on Xbox One news

Retailer's stock value up more than 5 percent in early trading after Microsoft's policy reversal for Xbox One.

GameStop shares surged today after Microsoft announced a new Xbox One policy that lifts all limitations on used games for the platform.

At press time, GameStop shares are up 5.32 percent (+2.39) to $40.57.

Microsoft's new terms state players are free to trade in, lend, resell, gift, and rent disc-based games in the same way that they can today on the Xbox 360.

The new policy is a boon for GameStop, which makes a significant portion of its revenue from secondhand sales.

GameStop praised Microsoft's policy reversal yesterday, saying the move was "great news" for gamers and is a testament to Microsoft's understanding of the importance of the used-game market.

Microsoft's former policy was less than encouraging for GameStop, stating that Xbox One games could be shared only once, and only with someone a player has been friends with on Xbox Live for 30 days.

In addition, whether or not secondhand Xbox One games would be allowed at all was in the hands of individual publishers like Activision or Electronic Arts.

Written By

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.

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Discussion

365 comments
Psycold
Psycold

I can't believe how many idiots still trust Microsoft and are willing to believe they won't change things up again before the Xbone ships, and no I do not own a Playstation. 

Infinity_Gauntl
Infinity_Gauntl

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Arijan83
Arijan83

They can give us all consoles for free and still make money from services and games. Like cell phone companies giving phones for free or 1$. This day will come for consoles too, I hope :D

rbereczki
rbereczki

GameStop praised Microsoft for not putting it out of business, er, the policy reversal. :-) Does the phrase "testament to Microsoft's understanding" strike anyone else as funny? Seems to me that for years now they have had nothing but a lack of understanding. I'm only on PC so I can't say anything about Xbox, but just looking at the evolution of Widows, I'm amazed that MS is the dominant OS on the planet. Must be all the strategic partnering and purchasing up-and-coming competitors.

kenhu
kenhu

M$'s XBO will be the laugh stock of gaming industry for years to come, that is if they survive that long. 

M$: don't like our new vision? go play X360!

few days later..

M$: I'm sorry, please forgive us 

LOL

steelmouth
steelmouth

the shares surged and that's a testament to the power of the Xbox brand in gaming

raven98030
raven98030

I am happy Microsoft  lifts all limitations on used games so this means your game will not be lock so you can't play it?

jcouch2020
jcouch2020

noticed alot of gamestop hate. the only way you can hate gamestop is if you buy your games there. if its that bad buy your games from walmat, amazon, or whatever. stop crying about gamestop

jcouch2020
jcouch2020

i would like to know how anyone could argue that ps4 is going to be the superior console

farcorners
farcorners

I would like to know if the current (after the 180) Trolling of Microsoft is coming from Sony Fanboys, or genuine 360 owners that remain angry and feel their loyalty had been betrayed. As if there would be a way of knowing.

jcouch2020
jcouch2020

i love how people praise sony for only showing a new system and not doing a single thing different in the coming generation. same old song and dance. microsoft shows off new technology, new ways to play games and an innovative way to incorporate tv. Yet people complained about freaking used games. sounds like there are alot of poor people who shouldnt be playing video games in the first place

BadMrSnake
BadMrSnake

After they see what junk the Ps4 is, everyone will be buying a 1!

jcouch2020
jcouch2020

in a couple years when ps4 fails, they will owe microsoft big time

Poodger
Poodger

Damn... well that sucks

soulless4now
soulless4now

Not really newsworthy, but it's almost the weekend so it's understandable. 

Ehggsz
Ehggsz

"...the move was 'great news' for gamers and is a testament to Microsoft's understanding of the importance of the used-game market."

You mean to say that the move was "great news" for business.  And Microsoft's "understanding" is a joke.  They did it because of less-than-impressive sales and getting blasted by media and gamers.  Done, also for business.  Trial and error is what they're up to.  'Don't know what their doing.  They are the monkey that put the square block in the triangle hole and got zapped.

sammoth
sammoth

LMAO Of course they praised it. This is news why ?

Disciple_Gamer
Disciple_Gamer

gamers helping stockholders.  what has the world come to???

Megavideogamer
Megavideogamer

I never (or a least as a last resort) sell my games. You cannot blame Gamestop for the ills of the videogame industry. I am happy Microsoft has come to their senses. The Xbox brand would have taken a huge hit because of the backlash. MS can listen to it's fans. There may be hope.

JustPlainLucas
JustPlainLucas

Went and preordered one today.  Just a shame that it took a boycott to get MS to shapen up. Now they get to have their money, and I get a new shiny console.  Everyone wins. 

Inferi-Fang
Inferi-Fang

Gamestop ain't going away for a long time. 

b09h
b09h

i'm happy about the policy change, but this is bad fucking news, gamestop is the reason why all this DRM bullshit started. Just die already, gamestop

VakarianGirl
VakarianGirl

@rbereczki the phrase isn't funny - if you were Gamestop and you were in business with MS or Sony or anybody else - you'd be expected to conduct yourself with the same decorum in the public forum.

OldKye
OldKye

@steelmouth Or a surge in stockholders faith that Sony and Nintendo wouldn't follow now that Microsoft has backed down lol but sure they sun can revolve around Microsoft in your world.

OldKye
OldKye

@SSJ4Goku2 Lol very true we say the same thing for months and they don't listen then Sony takes pot shoots and they attribute our response to Sony, I thank Sony for it but am still saddened by how little they value their own consumers voices almost as if once we buy something our opinion no longer matters.

roman4545
roman4545

@jcouch2020 

more exclusivity...

free games...

 better design of console ?

cheaper price...

 

Makuzex
Makuzex

@jcouch2020 PS4 is the most powerful next gen console, cost 100$ less then X-box One, cost 10$ less for the yearly subscription and you can play games like DC Universe, Planetside 2 and games like those for free online with the yearly subscription. Not to mention they didn't shoot themselves at E3.

OldKye
OldKye

@farcorners As a 360 owner I felt betrayed if they take the hardware that lets then block used games at the drop of a hat then I'll be happy right now it's just a day one update that turns it "off".

I really liked my 360 enjoyed halo and fable with every generation of it, not to forget mass effect and the like but it's going to take some work on Microsoft's part to get me to go "all is forgiven" 

jdlmon3
jdlmon3

@jcouch2020 The only thing Microsoft is doing different is adding the tv feature. OH BOY sounds like a lot of fun. The decision making in the xbox branch of microsoft is unstable at this current point in time. They spent millions of dollars building the xbox one to be the system they showed us last week. For them to pull a 180 is basically saying hey we told you something last week now we are going to change it because we have to. I dont personally trust microsoft at this point and need to wait and see how the one actually is after it has been out for a few months. For the record I do have a ps3,360, wii, wii u, and PC. I like my pc the best. For next gen I am on board with sony at the start. I was looking forward to see the xbox one before they made bad decisions then reversed them and were like just kidding guys please buy our console now. 

jdlmon3
jdlmon3

@BadMrSnake So please explain to me how the ps4 is junk. Dont forget the xbox one is being built from the same team that brought the xbox 360 with a 56% fail rate.

SIDEFX1
SIDEFX1

@Ehggsz "..the move was 'great news' for gamers and is a testament to Microsoft's understanding of the importance of the used-game market." 

How can this be said when they had a attitude at E3. This change of policy does not prove anything about MS caring for it's gamers. They lost the war against controlling it's consumers.  and with their 
'let's just try to get away with it' and stand ground of what gamers actually want business prac, the backlash from it was just way to much for MS to handle that they had to back down from acting like a power.

Either way if any gamer was to believe that MS actually cared about it gamers would be a fool. At the least we know the agenda. MS policy could soon enough change after they have a decent user Xbone base installed. 

Then again it would of been MS only way to market the XBone and make it look like something different to PS4 because Kinect alone could not do that.
Any game developed for PS4 can be developed for XBone vice versa. So without MS huge stunt to get the worlds attention on their hated console nothing will make it stand out different from the PS4 except it's big ugly black box.   

JustPlainLucas
JustPlainLucas

@b09h No, it's not GameStop.  Ask yourself: why do they have so many used games? Because gamers don't want to keep their old ones. Games should not becoming a one-use form of entertainment. You should always the right to resell your own property.

liandrikonflict
liandrikonflict

@b09h Gamestop is not the reason all this DRM started...Greed is why DRM started...and greedy people have been around alot longer than Gamestop.

steelmouth
steelmouth

@OldKye @steelmouth but its not just in my world its in the sales world too, both exclusives and muilti plats sells better on the Xbox in the US right

OldKye
OldKye

@steelmouth @raven98030 He's happy Microsoft took the 24 hour checks and used game restrictions off did you not here about this? lol

funktacious
funktacious

@OldKye Why get so emotional over something like this?Platform loyalty is a strange phenomenon when you consider these are big business who will say anything to make a buck. Why not just look at this as a good marketing decision rather than like we got our feelings hurt?

funktacious
funktacious

@SIDEFX1 @Ehggsz "So without MS huge stunt to get the worlds attention on their hated console nothing will make it stand out different from the PS4 except it's big ugly black box. "

Except that for only a $100 more (a small investment for a long term product), it can do so much more than just play games. Imagine for the next 8 years being able to use just your voice to control every bit of your media on your entertainment system. You can Skype while you watch walking dead with your long-distance friend. You can pull up an FAQ while you play through a game. You can see your fantasy updates live when you watch football. You can queue up for a match for one game while you play another. You have access to the most vast online service ever created. And if you already pay for Xbox live, you it's not like you're paying any other than a one time $100 extra dollars for these features.

After that the only things I concede that PS4 can do better is that right now it definitely has better Indie support, but I don't buy $400 sophisticated gaming consoles for arcade games, and the console will technically be more powerful. Which is a difference that will be largely insignificant. 3rd party games will look the same, and how much better will Sony 1st party games look anyways? Because as of right now, Forza 4, and Ryse are very graphically impressive. So i'm not really worried about whether or not the X1 is powerful enough to handle 3rd party AAA games. It's more than capable.

Lastly, this is a gaming website with gamer-only commenters. Really in the next several months when these consoles begin marketing more for the main-stream. I'm going to be surprised if the masses find the PS4 more appealing for anything other than a cheaper price. Because the mainstream is a lot more likely to enjoy a gaming console that can do more than just play games well.

b09h
b09h

@JustPlainLucas @b09h no, gamestop is actively pushing used game sales, they made a business out of it and made profit off it big time, games are sold 10 times or more. This would not be possible just by gamers selling games to their friends. We have the right to own our games, but gamestop has no right to steal money from the developers.

funktacious
funktacious

@OldKye @steelmouth Guys their shares went up because this announcement means more business for Gamestop. It's really not that complicated...

OldKye
OldKye

@steelmouth @OldKye That's not why GameStop's stocks went up though lol that a unconnected statement about Microsoft meant to try to booster pride in still being a Microsoft fan through think and thin.

I respect your your devotion but don't agree with your stock advice.

OldKye
OldKye

@funktacious @OldKye I do look at it as a bad consumer decision that I don't want to buy a Xbox One lol just not seeing the value I don't play Kinect games lol.

The only reason I point out that I've owned both the Xbox and Xbox 360 is on here when you go "I don't know if I want a Xbox One" people reply "Stupid Sony FanBoy!" lol.

JustPlainLucas
JustPlainLucas

@b09h @JustPlainLucas Um... the right to own  your game INCLUDES GameStop's right to make money off a used product. It certainly is NOT stealing, bear in mind that GameStop helps DRIVE the sales of new games with DLC promotions and the sort.  GameStop actually makes very little on new games sales, and if they tried to get by on that alone, they wouldn't be able to expand, thus making it harder for new games to be sold. Do you understand how that works? If you saw the death of GameStop via this DRM shyte, guess what?  YOU LOSE THE RIGHT TO OWN YOUR GAMES!  

Wanna sell a game on eBay?  You no longer have that right. Wanna trade it in to a store that's not GameStop?  You no longer have that right.  Under MS's previous lending policy, if you gave your friend a game and then decided you wanted it back, YOU LOST THAT RIGHT!   People have to got to stop being so hung up on this GameStop issue, because to take them down means taking down ourselves.  Be mad at the publishers for sucking at their business; bloated development budgets, poor marketing. At least GameStop knows how to handle theirs.