Microsoft Corporation (MSFT), Sony Corporation (ADR) (SNE): Is GameStop Corp. (GME) Destined for Greatness?

GameStop has also seen an overwhelming response for upcoming gaming consoles. The company reported one million pre-orders for Sony Corporation (ADR) (NYSE:SNE)’s PS4, while Microsoft Corporation (NASDAQ:MSFT)’s Xbox One preorders totaled 700,000 at last count. Fool contributor Demitrios Kalogeropoulos notes that GameStop has diversified into new business areas (digital sales and electronics device resale) as its traditional business has been in continuous decline over the past few quarters. The company now accepts trade-ins of smartphones and tablets to resell them as pre-owned merchandise to customers. GameStop’s mobile sales revenue has soared by almost 300% in the latest quarter, while digital sales were up 47% for the same period. GameStop’s acquisition of Kongregate, an online gaming portal, has brought intriguing new opportunities for GameStop to capitalize on growing potential in the digital space.

Putting the pieces together

Today, GameStop has some of the qualities that make up a great stock, but no stock is truly perfect. Digging deeper can help you uncover the answers you need to make a great buy — or to stay away from a stock that’s going nowhere.

The article Is GameStop Destined for Greatness? originally appeared on Fool.com and is written by Alex Planes.

Fool contributor Alex Planes has no position in any stocks mentioned. The Motley Fool recommends Activision Blizzard, Apple, Google, and Take-Two Interactive and owns shares of Activision Blizzard, Apple, GameStop, Google, and Microsoft. 

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