Game Digital dips after Assassin's Creed delay prompts US rival's warning

Started by 7H3, Nov 21, 2014, 02:37 PM

previous topic - next topic

0 Members and 1 Guest are viewing this topic.

Game Digital has slipped back after a US rival reported profits well below expectations.

GameStop said its results had been hit by a two week delay in the release of the latest Assassin's Creed game, as well as weaker software sales outweighing strong demand for PlayStation 4 and Xbox One consoles.

Game Digital is down 1p to 344p, but analyst Nick Bubb played down concerns that the US company's problems were a bad sign for the UK retailer:

Investors in Game Digital will have perturbed to see that US rival GameStop issued a profit warning last night and cut its Christmas sales forecast on the back of its third quarter results.

But the specific issue that the quarter ended on November 1 and that GameStop's expected sales at the end of October were hit by the delayed release of the much-awaited "Assassin's Creed Unity" game was only a slight timing problem.

he reassuring IMS update from Game Digital on November 13 didn't mention any such problems with game release dates, although, in the round, it's no bad thing if some hot new games are pushed back until after Xmas to avoid too much over-crowding pre-Xmas. Interestingly, the official RPI figures for October from the ONS a couple of days ago were affected by the fact that new video games have been selling so well in the UK at high prices.

Well I think honestly Best Buy is going to put GameStop out of the gaming business as they have a much better deal for gamers... 20% off new games...
"It's hip to be square." - Eurogamer<br />"Shut up its art!" -Legend