© 2019 Bloomberg Finance LPGameStop Inc (NYSE:GME) recently posted its Q4 FY 2018 results, which were below our estimates, as the pre-owned video games sales plummeted. Pre-owned video games sales were down 21% while new video game hardware and software sales declined by 10% and 8%, respectively. New consoles, such as Nintendo Switch, launched in 2017, spurred video games hardware sales for GameStop. Lower hardware sales have impacted the new video game software sales. Video game accessories sales growth was led by higher demand for audio-related and battle royale (gaming genre) related accessories.

Source: Forbes April 08, 2019 18:33 UTC