Analyst Pegs U.S. Used Games Business at Nearly $2B

October 15, 2010 -

The Street is running a three part series on the popularity of second-hand goods in a down economy and, in the second part of the series, which focuses on the used videogames market, Wedbush analyst Ed Woo pegged 2009’s used videogame market at “close to $2 billion.”

Woo said that figure represented 10 percent growth and added that he expects the sector to grow again in 2010. The article further claims that GameStop, which does not break out used videogame sales in its financial results, “bases nearly 80% of its bricks-and-mortar business on trade-ins.”

The used games market, in a statement attributed to Scott Steinberg, CEO of the Tech Savvy Global consulting firm, “is costing game developers billions of dollars each year.”  Steinberg added that, “The pressure is so crippling, many publishers are trying to find ancillary means and testing out pilot programs that can generate revenue.”

Economist Dian Chu was asked if the prolonged “thrifty behavior” of Americans could have a significant impact on the economy. Chu replied, “We're spenders. I don't believe that saving behavior will change or last long enough to have a significant impact on our economy.”

Of course, the article also claims that the Lord of the Rings Online operates under a monthly subscription model; the game went free-to-play on September 10.

In related news, the website of Fox’s Dallas affiliate features a story on a pair of twin brothers who started a used game business while still in college. The home-based business generated $300,000 in sales last year and the brothers are expecting to hit $500,000 this year.


Comments

Re: Analyst Pegs U.S. Used Games Business at Nearly $2B

And Gamestop probably have at lease 80%of all that money.

http://www.magicinkgaming.com/

 
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Andrew EisenNone taken. Feminism is a very simple concept that a surprising number of people, somehow, just don't understand. Odd but true so it's always nice to make sure everyone's on the same page.05/06/2015 - 6:39pm
Andrew Eisenread a different site. Likewise, if various personalities like to talk about such issues and you don't want to hear it, don't follow them on Twitter.05/06/2015 - 6:38pm
WonderkarpI asked cause there's some people who have tried their damnedest to pervert that word so whenever somebody says they are a Feminist, I feel I need clarification. No Offence.05/06/2015 - 6:38pm
Andrew EisenHere's the thing: it's absolutely, totally okay to not have interest in gender issues as they relate to games. Totally, totally fine. So, don't read those articles. If the very presence of those articles just butters the wrong side of your bread...05/06/2015 - 6:37pm
Wonderkarpok works for me.05/06/2015 - 6:34pm
Andrew EisenThe same as the one in the dictionary.05/06/2015 - 6:28pm
WonderkarpAndrew, I'm curious as to what your definition of being a Feminist is05/06/2015 - 6:28pm
Andrew EisenWhich would seem to be an incredibly small number of inconsequential numb nuts on Twitter.05/06/2015 - 6:20pm
MattsworknameNot really singling it out, its just whats on my mind at the moment. Also, its one thing to want to improve womens rights and stuff, its another to be a manhating rabid extremist, which is what alot of "So called" femisnists seem to be.05/06/2015 - 6:15pm
Andrew Eisenegregious.05/06/2015 - 6:12pm
Andrew EisenNow, that said, it ain't just the group you're talking about that goes "bonkers" about stuff. Gamers in general do that about everything. Such behavior is not unique to social critique so I've no idea why it's being singled out as being particularly...05/06/2015 - 6:12pm
Andrew EisenIf you're not a feminist, you're a pretty awful person. If you don't identify as a feminist, you likely don't understand what it means.05/06/2015 - 6:10pm
Mattsworknamewhich naturally brings out the other sides worst elements, and then the shit fest starts all over again. I mean ,can't we go a single day without this kinda crap. is it so hard for people to just enjoy stuff anymore?05/06/2015 - 6:09pm
MattsworknameAndrew, its more a general sense of frustration then a specific issue, the comments didn't help, but it's like can't have anything come out now adays that doesn't have some group of feminists going bonkers over it,05/06/2015 - 6:09pm
Andrew EisenYou would classify that editorial as excellent, eh? Yikes.05/06/2015 - 5:57pm
Andrew EisenAnd what's gone?05/06/2015 - 5:52pm
Goth_SkunkThe editorial also touches on how the "half of gamers are women" statistic can be misleading.05/06/2015 - 5:47pm
Goth_Skunk"Playable Female Characters Are Not Important" -- http://ow.ly/MCz1P05/06/2015 - 5:46pm
Goth_SkunkPowerGamer has written an excellent editorial explaining how unimportant the gender of a protagonist is in AAA games. The title of the editorial is blatant clickbait, though.05/06/2015 - 5:45pm
Goth_SkunkAaaand it's gone.05/06/2015 - 5:42pm
 

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