GameStop shares drop 6 percent over Xbox rumors
Rumors that the next Xbox could lock out used games prove costly for GME
This morning, Edge Online released a report that Microsoft's next Xbox console would use activation codes to lock physical discs to a single console. Edge's report also states that the next Xbox will require an online connection in order to function. This move would effectively kill used game sales and rentals at businesses like GameStop, Gamefly, and Redbox.
In response to the news, GameStop is trading at $25.04 at moment, down 6.56 percent from yesterday's close at $26.81. On the bright side, the stock has recovered from a low of $23.83 today.
Edge Online's report remains unconfirmed by Microsoft, who is expected to announce its next console at E3 2013.

This will also kill borrowing a game from your friend or bringing stuff over to play like Little Big Planet.
Will the developers be on board? I am telling you they were sad about SOPA and PIPA. If game stop closes, Best Buy is closing stores and no one want to stand in line at Wall Mart for their crappy game section.
I get digital is the next thing but when sales drop cause people don't feel like downloading a game on bad WiFi connections. Or everyone tries to download on a Launch day...Can't wait to see what happens.
Posted:4 months ago