GameStop blames its lower sales on lack of games:
The report adds that recent acquisitions in the console space could also play a role on sales
. “Some publishers that have historically published games compatible with multiple gaming platforms” the report said, “have recently been acquired by console manufacturers. This consolidation could lead to a further reduction in the number of new software titles available for sale in the future . Presumably, GameStop is talking about things like Starfield being tied to Microsoft platforms when in the past Bethesda would have released a big budget game like that on everything.GameStop’s issue with slower release schedules and publisher acquisition is called out directly in its assessment of global sales, which have generally decreased across the board.
The decrease in consolidated net sales in fiscal 2022 compared to fiscal 2021 was primarily attributable to the translation impact of a stronger U.S. dollar, a decline in sales from new software releases as a result of fewer significant title launches in fiscal 2022, and a decline in sales of video game accessories, partially offset by an increase in sales of new gaming hardware and an increase in sales of toys and collectibles.
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