GameStop still in crisis: sales continue to collapse

The video game market is not at all healthy, for a series of reasons and on a series of fronts, and the data from important sales platforms such as GameStop give us further confirmation of how the trend is not at all positive.\r\nAs reported Games Industry, in fact, the sales recorded by the company are still in sharp decline compared to previous years.\r\nIn the preliminary financial results for the first quarter, which ended on May 4, GameStop reports an expected net revenue of between $872 and $892 million .\r\nIt might seem like a considerable figure but, as far as such findings are concerned, we must always consider the data from previous fiscal years to understand the general performance of a business.\r\nThe figure reported by GameStop, compared to the previous The company represents a 28% to 30% year-on-year decline in sales for the quarter.\r\nThe GameStop data also reflects the general trend in video game sales around the world.\r \nSales of the PS5, for example, are falling by 29% every year despite being the almost undisputed sector leader for several years now.\r\nConsole sales in general are dropping dramatically, suggesting a possible death of the the idea of ​​a physical console in video games as regards the next generations.\r\nGameStop comes from a generally not very prosperous period, to put it mildly, and this new data does not help to have a positive perception of the company’s future.\r \nAlready a month ago it was impossible, according to analysts, that GameStop’s revenues could increase in any way. Even the recent sources of some of the giant’s initiatives, including the unsuccessful NFT shop launched with great fanfare and then quickly closed, have not contributed to giving the company the necessary solidity.\r\nIt must be said that the Video game stores are not doing well in general: the trend of mass layoffs has also reached these places, in fact.

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