Microsoft (NASDAQ:MSFT) unveiled its Xbox One next gen platform focusing primarily on the "all in one" entertainment aspect. However, outside of the main webcast presentation, MSFT confirmed that the used game business will not be business as usual for GameStop (NYSE:GME). Note Sony (NYSE:SNE) will also likely adopt a similar strategy as is evidenced by its July 2012 acquisition of cloud based gaming company Gaikai for $380 million.
Getting back to the Xbox One unveiling, while it was not said on stage as to not directly alienate its retail partner, MSFT clearly has plans to take video gaming into the 21st century with respect to digital downloads. According to Kotaku quoting Microsoft corporate vice...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|
|PRO Top long ideas returned 21.7% in 2016**|