Shares of GameStop (GME -6%) trade lower after the Microsoft Xbox One is unveiled (I, II, III)....

|About: GameStop Corp. (GME)|By:, SA News Editor

Shares of GameStop (GME -6%) trade lower after the Microsoft Xbox One is unveiled (I, II, III). The new gaming console won't be friendly to the used game business with the game disc mostly useless after the initial install. The system also appears to be another step toward cloud processing and storage, although not the giant leap some forecast.