Now, Microsoft Corporate VP of Xbox Marketing Mike Nichols says that the two companies are in touch and now plan to come up with a way for GameStop stores (and other retail establishments) to resell Xbox Game Pass to their own customers. Wall Street seemed to be showing concern that Xbox Game Pass would take a bite out of the retail chain's lucrative used game business.
On Tuesday, Microsoft announced Xbox Game Pass: A Netflix-style service where Xbox One gamers get access to over 100 titles for $9.99 a month.įollowing that news, GameStop shares took a tumble, falling just about 8% by the closing bell. Used game sales accounted for 47% of GameStop's gross profit in 2015. Account icon An icon in the shape of a person's head and shoulders.
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