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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james_fudgeI'm not a miracle worker :)03/04/2015 - 6:09pm
Craig R.That link is still awful due to the fact that the entire article title is part of the URL :P03/04/2015 - 6:00pm
MonteI'm really waiting to see more publishers get serious backlash for those horrible DLC practices03/04/2015 - 5:48pm
MonteBattlefield with prioty servers for those that pay... sounds like EA wasn't a big supporter of Net Neautrality03/04/2015 - 5:47pm
PHX Corp@james_fudge thanks03/04/2015 - 5:28pm
james_fudgePHX Corp. I shortened your link for you03/04/2015 - 5:18pm
Andrew EisenAgain, folks, please oh pretty please remove all that extraneous crap from the ass end of any links you wish to share. Everything from the "?" and on can be removed.03/04/2015 - 4:31pm
PHX Corphttp://www.destructoid.com/prepare-to-pay-full-price-twice-to-unlock-all-of-battlefield-hardline-s-exclusive-features-288492.phtml Prepare to pay full price twice to unlock all of Battlefield Hardline's exclusive features03/04/2015 - 4:26pm
Andrew EisenNew Age of Ultron trailer but someone hit the Image Stabilizer button and the damn thing jumps around so much I refuse to watch it until it's fixed. https://www.youtube.com/watch?v=JAUoeqvedMo03/04/2015 - 4:10pm
WonderkarpNobody cares about Wu, IanC. Moving on. Anybody playing DBX? I'm loving the hell out of it.03/04/2015 - 4:07pm
MechaCrashBecause of course NOW all the threats and harassment are real and neither false flags nor publicity stunts. Gee, I wonder what's different about all the other times Wu got harassed! Gosh, sure is a mystery!03/04/2015 - 3:52pm
ZippyDSMleeSince I dumped the escapist I need a good game site, is there anything worth while anymore?03/04/2015 - 3:48pm
ZippyDSMleeThe order looks and plays great...for a 35$ game!03/04/2015 - 3:43pm
IanCAlso no talk about how Wu is getting attacked by antogamergate people for daring to have a chat with a gamer gate dev and realising that they aren't all bad people? No? Oh well.03/04/2015 - 3:37pm
IanCThe Order's framerate is fine.03/04/2015 - 3:36pm
ZippyDSMleeThis just in the word fool has been banned because it offends fools. That’s nice I guess. If you look at context you can separate word usage without having to ban words in fear of offending someone.03/04/2015 - 3:36pm
Wonderkarpeffort to to eliminate it from your lexicon, or never used it to begin with?03/04/2015 - 2:39pm
WonderkarpSo today is 3/4/15, and there is a campaign to activly eliminate the derogatory use of "Retard/Retarded". Its been gone from my Lexicon for a while now, so I'm curious. Has anybody else here eliminated it naturally, want to make a conscious03/04/2015 - 2:39pm
Andrew EisenFor anyone interested, here's the research paper on the search algorithm: http://arxiv.org/pdf/1502.03519v1.pdf03/04/2015 - 12:11pm
WonderkarpGawker to be Penalized by new "Fact-Based" Search Algorithm, Says Google. http://dailycaller.com/2015/03/03/gawker-to-be-penalized-by-new-fact-based-search-algorithm-says-google/03/04/2015 - 11:54am
 

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