GameStop Now Makes More Money From Pokemon Cards than Video Games

GameStop now makes more money from Pokemon cards than video games

During an interview with Bloomberg News, Cohen was asked whether he worries about his company's future in an era when publishers are increasingly pivoting to digital-only releases. Cohen replied that the decline of physical games would not hurt GameStop because "software makes up less than 12%" of the company's overall business.Read Entire Article

GameStop CEO: End Of Physical Videogames Sales “Doesn’t Matter”

PlayStation started the month by declaring that physical videogames are dead, at least for its consoles starting 2028. You’d think that, of all the companies that should be worried, it would be GameStop which, famously or infamously depending on perspective, has been known for second-hand games sales. But the company’s CEO Ryan Cohen has recently said that the death of physical games actually makes no real difference to the company. Bloomberg ci…

Physical Games Are “Irrelevant” To GameStop’s Business, Says CEO

In a games industry that is increasingly shifting to digital, amplified by PlayStation phasing out physical game discs starting in 2028, where does a brick-and-mortar chain like GameStop fit into this future? GameStop CEO Ryan Cohen appears to have no concern for this monumental shift whatsoever. When asked by Bloomberg about how Sony's digital policy would affect GameStop's business, Cohen responded: "It doesn't matter. It doesn't matter at all…