GameStop CEO Labels Physical Sales Totally Irrelevant, Eyes Huge Ebay Bid
Amid all of the hoopla surrounding Sony's controversial decision to end physical media for PlayStation games starting in 2028, one person who is not outwardly fazed in the slightest is Ryan Cohen, the chief executive officer of GameStop. That may seem surprising (shocking, even) at first glance, but according to Cohen, Sony's decision does not matter in the grand scheme of things.
In an interview with Bloomberg, Cohen shrugged off concerns about the potential impact of Sony's decision on GameStop's bottom line, saying the end of physical games released on PlayStation consoles has very little bearing on the company's current business model.
How can that be, given that GameStop built a thriving business on both new and used game sales? According to Cohen, the retailer's main business is no longer rooted in physical games, which now account for a small fraction of GameStop's revenue. Instead, the retailer makes most...
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