Analysts see revenue and earnings slipping this fiscal year at GameStop, and that’s even with the new console boost.
We don’t know how well GameStop Corp. (NYSE:GME) will hold up in this next generation of gaming consoles, but those defending the retailer may feel the same way that bookstore and record store owners felt when their media migrated to digital distribution. It seems highly unlikely that folks will be buying more disc-based games in a web-tethered future, and Microsoft Corporation (NASDAQ:MSFT) even emphasized the same-day digital availability of new games.
The marketplace is changing, and while GameStop Corp. (NYSE:GME) investors have been laughing all the way to the bank in recent months, it seems highly unlikely that they will be the ones getting the last laugh.
The article GameStop Stock: Don’t Look Down originally appeared on Fool.com.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool owns shares of GameStop and Microsoft.
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