General and Gaming > General
GameStop Stock Plummets After A 27.5% Decrease In Holiday Sales
bunnybear:
--- Quote from: oldgamerz on January 18, 2020, 07:52:41 pm ---I currently think all or most of the money will go to the elite, if everything was digital why would the elite need people working for them? when then they could work from home and have everything done on their home computer
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It won’t happen:
1) because CEOs run companies, they don’t participate (or rather, aren’t responsible for) the creative development behind the products they push
2) because no one in game development or publishing work on creation of physical media; that’s the sole responsibility of plants owned by Nintendo, Sony or MS (THOSE plants, and the people employed within,will go out of business in a digital only world)
3) because of 1) and 2), how a game is delivered has zero bearing (aside from first party plants listed above) on the employment necessary to continue R&D into hardware and peripherals, or games development; nor does it affect the sales and marketing side of any of the above.
4) even if it were conceivable that your scenario would occur (the sun has a better chance of burning out), that would not stop the creation of new startups to fill those gaps. Nature abhors a vacuum, and so does capitalism.
Warmsignal:
--- Quote from: seether on January 18, 2020, 01:39:22 am ---
--- Quote from: bunnybear on January 18, 2020, 01:00:31 am ---
--- Quote from: seether on January 17, 2020, 02:47:03 am ---Lol @ thinking GameStop will still be around for another 9 years.
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Why do you start a topic only to then mock people’s opinions without providing any sort of counter argument of your own? Seems rather trollish..
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The counter argument is right there in the title.
If sales are dropping by more than 25% a year, mathematically they go bust in 4 years. And that’s if things remain at the same pace and don’t, as trends obviously suggest, lean even more in favour of digital sales every year.
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That's holiday sales, not total sales, even if holiday counts for a lot. But every retail company sees worsening holiday sales every year, because frankly millennials don't want "stuff" and do not open their wallets that often. If they can click a purchase button, and have it just appear in some form, they do that instead. To be fair, the older generations are doing that more often, too.
pzeke:
https://www.youtube.com/v/KwQwz8kP6No
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