RRZ Rhein Ruhr Zentrum Muelheim

GameStop Announces Store Closures, Sluggish Holiday Sales

Citing increased competition, falling consumer demand, a move toward digital distribution and publisher-imposed discounts during the holiday season, shares of video game retailer GameStop plunged 12% late last week after it announced Q4 revenue of just over $3 billion, down almost 14% year-over-year, a loss that was slightly greater than analysts’ expectations. GameStop’s stock is...

ViveBadStocks

How A Recession Could Boost VR Adoption

The best year ever for the US video game market saw 45 million game consoles ship worldwide. Its December marked the first time that video game revenue topped $5B in a single month. Its November broke the record for launch day PC game sales, with a single title shipping 2.8 million units in 24 hours....

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