GameStop Stock Drops After Big Decline In Revenue!

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United States Spawn Wave
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Published on ● Video Link: https://www.youtube.com/watch?v=znYvhKTgx10


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It looks like GameStop may be in trouble as their overall revenue and sales have dropped heavily. As reported by Gamestop, sales of Hardware have dropped 29.1 percent and New Game sales have dropped 19.3 percent (sorry for the wrong figures in the video I was rounding while I talked.)

With heavy competition from Amazon and Best Buy, I cannot see how GameStop can turn this constant decline of sales around. They will also we closing 150 stores this year, with more to come if sales continue to decline.

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CNBC Article: http://www.cnbc.com/2017/03/24/shares-of-game-stop-plummet-on-reports-of-lost-sales.html



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