550°

PlayStation Now dings GameStop shares

Sony's been having a great day, announcing that 4.2 million PS4 units have been sold as of December and its cloud-gaming service (rebranded PlayStation Now) is finally getting ready for action, with a closed beta starting this month. That second bit of news is one that could radically transform the PlayStation ecosystem in the long run, and GameStop investors aren't reacting too kindly to the announcement.

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gamesindustry.biz
iGAM3R-VIII3769d ago (Edited 3769d ago )

Playstation has come far now, PS4 is really making me happier by the month.

iGAM3R-VIII3769d ago

lol theres already quite a lot of games, in fact theres more than I can actually play.

mikeslemonade3769d ago (Edited 3769d ago )

" Our bias is that this service will attract fewer than 1 million subscribers, and will impact overall game sales by 1 -- 2 percent in the aggregate over the next five years.""

If it's released across PS4, PS3, Vita, Bravia, and Smartphone(any Smartphone?), then it's gonna be more than 1 million subscribers. $60 per year only?? Sign me up.

Cupid_Viper_33769d ago

""The sell-off in GameStop shares that followed the PS Now announcement is overdone," Pachter wrote. "We expected Sony to announce a streaming gaming service ever since its acquisition of Gaikai in 2012.""

Patcher does have a point. A Gaikai announcement was expected from Sony since the purchase. But what caught everyone by surprise is how Robust and Ready PlayStation Now seems to be. I mean the Beta is lauching at the end of the month, and full Launch by Summer.

How immediate and direct Sony are being with this is what is causing people to sell their Gamestop stocks. Only 5mps required is also a positive surprised to most people. And not to mention that they have working models for hands on try outs, meaning that this isn't just talk anymore, it's real.

JetsFool35003768d ago

It really bugs me when ppl say there's no games isnt this the best launch ever 3rd Party wise its more then enough games to play until the heavy hitter 1st party games come out

(Idc how I write this isnt school)

UltimateMaster3768d ago

Rental Companies won't like this either.

dedicatedtogamers3768d ago

Sony has the biggest *digital back-catalogue of games right now. I think they'll rake in a lot of customers with this new streaming service, especially if they can get licensing for 3rd-party games. Imagine people being able to stream Call of Duty or Madden or GTA through their tablet with PlaystationNow. People are missing the big picture. This has big potential.

*the fact that I said 'digital' is important. Nintendo probably has the biggest catalogue, but they're dragging their feet with their own digital download service.

spoonard3768d ago

2014 is going to be a great year for PS4!! Lots of awesome things coming out!

MazzingerZ3768d ago

I'd like to see the pricing model first

thekhurg3768d ago (Edited 3768d ago )

Agreed. Nothing interesting on the console anymore since it's mainly shooters.

Can't wait till this spring when the non-FPS games start hitting the market.

miyamoto3768d ago

I can just imagine the convenience of PS Now. no more expensive hardrives, used games, no mire weight just a good ole PS Vita with PS3 games anywhere you go. WoW!

+ Show (7) more repliesLast reply 3768d ago
3-4-53768d ago

So we should be looking forward to those new Gamestop deals coming very soon then right ?

HardcoreGamer3768d ago

http://postimg.org/image/e7...

i want xbox one ppl who think ps4 is a stupid system to buy their xbox one, accept they dont care about drm and stick to that console. until the next xbox,,

i would love to see that becuause it will hurt thme missing out on the awesome suprise that is ps4.

UnHoly_One3768d ago

What are you trying to prove with that terribly photoshopped sales graph?

Pogmathoin3768d ago

Hardcorewhatever.... I assume you are one of the 2 dudes in that link too?

larrym3767d ago

You dumbass. Sony was going to do the same exact thing Microsoft was going to do with the DRM, used games bullshit.

Eonjay3769d ago

They may actually have to start moving new content, instead of constantly recycling and re-profiting on the same older games again and again.

M-M3768d ago

Exactly. I don't trade in games with them anymore, sell the game for like $15 then they charge like $39.99 when they re-sell lol.

air13768d ago

Yea thats why i stopped buying games at game stop.. I understand they have to make a profit but they are not fair at all. I dont know how true it is but ive heard that they only give you 35 for a 360 console and thats if you have all the wires and the controler!

Gamestop can close down for all i care its about time console makers start putting some preasure on these leeches..

Chrisgamerguy3768d ago

Well if no one buys the game they just gave u money and made nothing in return. Honestly I urge everyone not to trade games in keep them and let your collection grow. You won't feel cheated then

cell9893768d ago

I stopped going to Gamestop since I discovered the ease of use that Amazon is. I no longer sell may games to Gamestop because they force you to exchange them for store credit, rather than getting $$$cash$$$ unless you think $10 is enough for you on your 1 month old game.

Then they have those awful, confusing, complex trading sales, where you trade in a certain game for a newly released game, but wait! if youre a powerup rewards member you get addidtional discount, but wait!! if you trade in the latest COD you get 10% extra, but wait!! if you buy the game used you get even more discounts, but wait!! sign up for a preoder on blah blah blah and you get an additional 5% off. Its like you really need to bring your math A game or you might just get ripped off, at least thats how I feel.

The Preorders conundrum - The nuance GS employees are when it comes to preorders! For the love of GOD I SAID IM NOT INTERESTED IN PREORDERING ANY GAME!! stop trying to persuade me to the point of me wanting to scream at you no. "if you dont preorder youre going to miss out" "you might not get the game day 1 if you dont preoder" "its going to sell out on day one, are you sure" "if I were you I would, dont want to miss out on the goodies" "trust me youre going to regret not preordering". Somehow they make it seem as if youre a complete dumbass for not preordering, like trying to throw you all kinds of guilt trips.

The Lines - Cant tell you how many times Ive waited 10+ minutes waiting to pay for my game because the idiot employee is offering all kinds of BS to the poor uneducated consumer trying to decide what system to buy "do you want extended warranty with that" "youll need a controller charging station" "want to sign up for a power up rewards card" "if you have an old system bring it for trade in" "check our used game selection" "ID please" "any games interested on preordering?" "you dont want to miss out"

The space per location - super crowded, it stinks like sweat sometimes. You have this tiny 3 feet wide space to walk around them stores, and forget it if there's a line of more than 3-4 people, youre going to really have to squeeze your way around. Browsing through their used games selection is like browsing through a bunch of random stacked palette of comics, of course you can ask for help to find what youre looking for, but you'll need to go through a line of other people ahead of you. The Game kiosks are always swarmed with little kids who have 0 intention of purchasing the game and all they are there for is to make it even more crowded. If you dont walk careful enough you will knock down a thing or two from their racks placed in the center of the store.

Oh and dont you dare think youll be able to purchase an M rated game without your ID showing youre over 18

Bottom line Its a friken mission everytime I tried shopping at Gamestop

I..... sense...I might have gone a little too far on this post....

MazzingerZ3767d ago (Edited 3767d ago )

@cell989
I know what you would do if you had some RPGs in your hands...and I don't mean games:)

+ Show (1) more replyLast reply 3767d ago
FlameHawk3769d ago

Ouch, 8% lower. That is huge, I really did not expect it too be that much.

ginsunuva3768d ago

Do serious investors buy shares of Gamestop and other game companies?

CocoWolfie3769d ago

after the latest playstation chirstmas sales i have hope price wise.. plus hopefully retail never dies as physical copies are always nice but we'll see :p

Bathyj3768d ago (Edited 3768d ago )

Sorry, wrong post

Show all comments (62)
320°

GameStop Boss Says Disc Drives Should Be Required On Game Consoles

"It would be great if people had to buy more of the thing," says guy who makes money selling the thing.

XiNatsuDragnel240d ago

Absolutely consoles needs disc drives.

wesnytsfs240d ago

Nah should be optional. Not a PS fan but I like their strategy of selling an optional external optical drive. Its all about Options and this will let everyone get their way. Cheaper for digital only and then you can chose to pay more for the optical drive if that is important to you.

Profchaos240d ago

That's not official yet it's only a rumour

Eonjay239d ago

@Profchaos

But what he describes already exists in the 2 base models. If it is a rumor you can blame Microsoft for really backing it in court but if we are honest we all know it's true.

Profchaos239d ago

@Eonjay I'm not denying the appeal of it I can see it being a useful mechanism for allowing gamers to upgrade as needed however until there's concrete proof and not speculation and remember ms still bases that court submitted document off of the same leaks we see on Reddit, 4chan etc I just can't believe it.

The system would be further opened to exploitation and they would need to release an overpriced drive for consumers to buy for it and sure as they do we will hear complaints over the cost of it

ChasterMies239d ago

Absolutely consoles don’t need disc drives. My house has 2 PS5 digital editions, one since launch. Zero issues with the lack of disc drives. In fact, the digital purchasing lets us all share each other’s games, usually mine, and play the same game at the same time on-line.

shadowT240d ago

Optional drives would be best strategy.

-Foxtrot240d ago

If they did then collectors wouldn’t be getting f***** over with discless collectors editions

jeromeface239d ago

yea they would, discs cost extra... even when you're already paying a premium

-Foxtrot239d ago (Edited 239d ago )

Lmao

We are paying roughly the same now without the discs. There’s literally collectors editions which are roughly in the same price range that have a disc.

I’d rather pay a little more for something physical anyway

RupeeHoarder240d ago

No shock, GameStop is alive because of trading. If they don't have used games on their shelves they are absolutely donezo.

darthv72240d ago

Well of course the GS boss thinks this... that's their bread and butter business. That and funco pops and clothing, though those two were added as a means to supplement the decline in people buying used games or even new games. GS just sucks overall when it comes to gaming. I buy my physical stuff on Amazon or Best Buy.

As for "requiring" disc drives... nah. Not anymore, but i like having them as an option. They had a means back when games actually ran off the discs and were more/less complete. Now they are incomplete and the disc is really an installer with a license to play. If you want to change games you have to take out the disc and put in another. Its more convenient to just use digital. I have been into digital for years now and when the PSPortal comes along i wont even have to go into my game room. I will just play my PS5 from my couch downstairs. I have a bunch of digital installed games to my 5... I'm all set.

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520°

Xbox Series X owners can effectively grab a 'free' PlayStation 5 right now

Gamingbible writes: "Luckily, if you’re living in the US you can trade your Xbox into Gamestop, where you’ll receive a hefty amount of cash as well as a $50 bonus for certain customers, just short of enough to buy the PS5."

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gamingbible.com
Jin_Sakai269d ago

A good deal for those who want a console with games.

S2Killinit267d ago (Edited 267d ago )

Lol well, we tried. But you cant save a person from drowning if they wanna hold on to their fur coat.

Im kidding off course.

Hypertension140268d ago

@Julion0715 @ichdich

So you guys won't change consoles?, give me reasons.

Your answers will probably explain why I'm so f**cking pissed off at Microsoft for buying two large mulitplatform publishers.
It isn't easy right? but you guys don't care because is not happening to you.

Lightning77268d ago

No thank you? N4G won't stand for this blasphemy!

SF releases next month hopefully that should give ppl incentive to keep their console. I know there's PC you can play there to but not everyone wants to play on PC.

Rockstar268d ago (Edited 268d ago )

@Hyper,

My guess is they love either their piece of plastic, their corporate overlords or gaming on the cheap.

Likely a combination...

itsmebryan268d ago

@hyper
Gamepass and I have a gaming PC so, I can play all the Sony "exclusives " at a higher frame rate and graphical fidelity. Why would I trade my Xbox for PS5.

After adding ABK they will have even more games at a great value.

Lexreborn2267d ago

@bryan

By that same logic what would be the point of having an Xbox? If you have a pc that handles both ps5 and Xbox games you don’t need either.

Rockstar267d ago

@ Lex,

Bringing logic into it?
That's low!

itsmebryan267d ago

@lex
I got my gaming PC last year to replace my old PC and I already had a XSX. It's pretty simple.
So, Zero horizon was disappointing and Spiderman/ miles ( got both for $50)are just ok. I might get R&C when it goes on sale.

Zhipp267d ago

@Hypertension
If I had time for a PS5 I would have bought a PS5 by now. I intend to someday, but at the moment my backlog is too big. Not only would I have to trade in all my games (for pennies on the dollar) and rebuy them for PS5, but Xbox actually finally has some exclusives coming out in the near future that interest me. I'll get a PS5 whenever Naughty Dog's next game comes out, at the latest.

fr0sty267d ago (Edited 267d ago )

@itsme

"I can play SOME the Sony "exclusives " years later. Some of them run better, some run worse." - Fixed

MrNinosan267d ago

@bryan
Your logic is amazing.
Not even close to all the Playstation games is being released on PC, and if they are, it's years past release, and often in a state when PC masterrace people cries anyways.
By logic, you should have a PS5, a PC and maybe a Switch if you're into that crap.

Especially as 100% of the Xbox games is also release on the PC, day and day.

Toncsipapa267d ago

Obsivously you get dislikes on this ps fanbooooy page :D

+ Show (8) more repliesLast reply 267d ago
Rockstar268d ago

@Jin

Judging by the replies here some of these people don't prefer games :).

On topic, I wish I could trade in my xbsx for a steam deck!

Julion0715268d ago

Then sell the x and get a steam deck 🤦🏾‍♂️

Rockstar267d ago

Why didn't I think of that?
Thanks for the tip! /s

goldwyncq267d ago (Edited 267d ago )

What games? FFXVI is the only true exclusive PS5 has right now and that's going to PC eventually too.

itsmebryan268d ago

@jin-Sakai
What games are you looking forward to this year?

Jin_Sakai267d ago

Spider-Man 2 and there’s plenty of great games to play that released over the years. Can’t say the same for Xbox.

DarXyde267d ago (Edited 267d ago )

There's a pretty decent slate of games coming out this year for all platforms. Armored Core looks great, Mortal Kombat 1 looks great, the info we're getting on Tekken 8 has me thinking it's coming this year. Sea of Stars can't be slept in either. If we're just talking about PlayStation games, Spider-Man 2 and Stellar Blade are expected to release this year and both look great.

I believe jin-sakai has an Xbox Series X (I could be wrong), but I reckon they're interested in those games, along with Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II are all very welcome titles for the rest of the year.

I think no matter what platform you're playing on, there's enough there to generate a backlog.

EDIT: How the hell did I forget Lies of P? 🤡

shinoff2183267d ago

Darxyde

"Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II"

Enough said. That's my game slate for the rest of the year.

DarkkMinion267d ago

That ain't a deal at all. Trading in a beast of a console for that, I don't think so.

Jin_Sakai267d ago

It’s a beast alright. Lol

“Digital Foundry about XSX teraflops advantage : It's kinda all blowing up in the face of Xbox Series X“

Jin_Sakai267d ago

All these “No thank you” comments from duplicate accounts. Lol

Christopher267d ago

I mean, I wouldn't trade in one console for another but instead buy both, prioritizing one over the other based on games I like.

Jin_Sakai267d ago

That would be the obvious choice but some might only be able to afford one or the other. And you have fans who will only support their console of choice regardless.

FinalFantasyFanatic267d ago (Edited 267d ago )

The PS5 is a better deal in the end, I really can't see the appeal of sticking with the Xbox.

DOMination-267d ago

"A good deal for those who want a console with games."

Like what? After all that bravado, the only game you could name was one that isn't out yet (Spider-Man 2)

Don't get me wrong, the XSX lineup in pathetic. But lets not pretend that the PS5 is any better. You can count the number of console exclusives for both on one hand.

If you're looking at games announced with release windows, there's only one console to get as it stands if you want games and it's not the PS5.

Jin_Sakai267d ago

PS5 has one slow year yes but they will start pumping out games soon and everyone knows the quality of their first party games are unmatched.

shinoff2183267d ago

Did the Xbox get any legend of heroes games, alot of jrpg type games skip the Xbox so unless your not into those types of games Xbox isn't a good choice at all. Alot of us from what I see have stuck with sony for the longest because they've had a great jrpg catalogue from 3rd party developers that xbox just can't touch. Those of us that enjoy alot of different games will get both consoles , I bought my series x about two weeks ago for starfield. It will only get used for a game here or there, most likely anything rpg related.

crazyCoconuts267d ago

Hard to tell who are in the Xbox Ambassador program from some of these comments. But for the masses, the console sales numbers are telling us which way the winds are blowing. XBox is in an important/pivotal moment right now imo

The_Blue267d ago

It's cool, I'll stick with my Xbox.

+ Show (10) more repliesLast reply 267d ago
Elda268d ago

At this point in time If I didn't own a PS5 I would have done this in a heartbeat but I had already acquired a PS5 first before I acquired an XBSX.

darthv72268d ago

I'll stick to keeping both. Gamestop though... seems kind of desperate to take in Series X units. What could they be plotting???

Eonjay267d ago

Almost certainly their plan is to charge obscenely high prices for a used Xbox.

myfathersbastard267d ago

They make pure profit on used consoles. They don’t share any of it. And they’re generally only like $50-$100 cheaper than new.
So they “sell”a PS5, make their small cut from that. Then sell the refurbished Xbox and get to keep all of it. It’s win win. They get a small cut on PS5, and a large cut from the Xbox.

Profchaos267d ago

Could be two fold sell as much base ps5 stick before the slim or pro drop and resell the xsx for those after a starfeild machine

jznrpg267d ago

PS gamers buy games number one. And they make money off used consoles. It’s a double benefit for them

Charlieboy333267d ago

Collecting more Series X consoles to sell on to MS for the cloud

+ Show (3) more repliesLast reply 267d ago
Lexreborn2268d ago

I just want some games for my series X I have both since release and after weighing the offerings in PS Essentials to Gamepass I quickly realized I Owned anything of worth in both catalogs. And, the things I didn't I didn't see as justifiable for maintaining both subs.

Since then my series X is a legacy machine that I play my old games on and that's it. 3 years ago I really thought from that Xbox showcase we were going to have some great games by now. Instead, it's just been a lot of meh

Chevalier267d ago

Yep. That's why I waited this generation to have a reason to buy the Series X. Got horribly burnt buying the Xbox One because I decided they had games I was interested in then they canceled the games I wanted right after.

Was tempted after they had that great showing awhile back and am glad I waited because it would have collected dust for 2 years otherwise. Couple games out and on the horizon that look pretty good. Might be a good purchase in a couple years.

Show all comments (88)
70°

GameStop CFO to Resign in Latest Executive Departure From Retailer

GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer.