GameStop shares slump 20% as weak console demand prompts forecast cut
FILE PHOTO: A GameStop store is photographed in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed
Latest versions of Sony Corp’s PlayStation and Microsoft Corp’s Xbox are due to be unveiled next year, with video game and console retailers also hit by the shift to downloadable or streamable games and away from physical versions. Comparable store sales slumped 23.2% in the third quarter, with both hardware and software sales tumbling.
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