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Thread: Game Digital shares halved following major profits warning

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    Game Digital shares halved following major profits warning

    The retailer admits a Black Friday disaster - it made too many bargains available.
    Read more.

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    Vive le pants! directhex's Avatar
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    Re: Game Digital shares halved following major profits warning

    So GAME is going bust (again) because I got a bargain XBox One.

    Meh, it happens.

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    Re: Game Digital shares halved following major profits warning

    Not surprising when most of the titles they sell are full price when everywhere else has discounts on them, they even charge more for pre owned games that you can buy new or very close to it.

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    Vive le pants! directhex's Avatar
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    Re: Game Digital shares halved following major profits warning

    Quote Originally Posted by Boon72 View Post
    Not surprising when most of the titles they sell are full price when everywhere else has discounts on them
    I don't think that's accurate. They are capable of competing with Amazon prices, just not usually on brand new releases.

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    Re: Game Digital shares halved following major profits warning

    There prices are a bit backwards, boxed game is cheaper than the download version. Not a good pricing strategy.
    Jon

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    Re: Game Digital shares halved following major profits warning

    Quote Originally Posted by Jonj1611 View Post
    There prices are a bit backwards, boxed game is cheaper than the download version. Not a good pricing strategy.
    Definitely. I don't know how they expect to push the digital sales on consoles like this.. I can buy a new game on the Ps4 store for £55-£60 for the standard version (more money for other versions of course), with absolutely no ability to sell the game on afterwards to get some of the money back, or even just to lend it to a friend. Yet I can buy the boxed copy for £35-£40, which I can lend to a friend, then sell on after I'm done with it and get around half the money back. Where's the incentive to buy digital games on console.... They need to figue that one out. Mesmerizes me how they haven't yet..

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    Re: Game Digital shares halved following major profits warning

    For me it boils to convenience. For most people, shopping on release day (by that I mean Monday or Friday) often means then you have to make a special trip to a city/town centre branch. In contrast I can walk or drive to any number of supermarkets which are open later, sell cheaper and as a result are simply more convenient. That's all providing I actually want to purchase a physical copy.

    As a PC gamer, i find that these shops rarely have the titles I'm looking for when/if I'm passing and all retailers need to learn than unless you stock exactly what the shopper wants at the time they want it, then they can and will buy it at home to get delivered to them.

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    Re: Game Digital shares halved following major profits warning

    Buying games from a physical shop? What a quaint idea.

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    Re: Game Digital shares halved following major profits warning

    I wonder how many of those new reward customers will ever use their card ever again. Customer loyalty is a thing of the past, price and convenience trumps all.

    As for digital downloads, they are for the impatient (pending fast broadband) and the lazy.

    At least Game are in the black.

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    Re: Game Digital shares halved following major profits warning

    Why does downloading a game make you impatient and lazy? Majority of people here buy games on Steam etc which requires a download.
    Jon

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    Re: Game Digital shares halved following major profits warning

    can someone please explain to me how a company that went bust with 100's of millions of debt, can then become a new company and then lose another half a BILLION of value?

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    Re: Game Digital shares halved following major profits warning

    Quote Originally Posted by keithwalton View Post
    As for digital downloads, they are for the impatient (pending fast broadband) and the lazy.
    I whole heartedly disagree with this statement Keith. Digital downloads are a great convenience and time saver. I don't have to worry about swapping discs, storing the damn things or be worried about scratches.

    My digital purchases are for life, not just until I lose or damage them. I am sure I speak for many digital downloaders when I say I spend quite some time shopping around for the best deals, (i.e. not lazy) and I am more often than not waiting for a game I want to go on sale somewhere (i.e. not impatient).

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    Re: Game Digital shares halved following major profits warning

    Quote Originally Posted by Chadders87 View Post
    I whole heartedly disagree with this statement Keith. Digital downloads are a great convenience and time saver. I don't have to worry about swapping discs, storing the damn things or be worried about scratches.

    My digital purchases are for life, not just until I lose or damage them. I am sure I speak for many digital downloaders when I say I spend quite some time shopping around for the best deals, (i.e. not lazy) and I am more often than not waiting for a game I want to go on sale somewhere (i.e. not impatient).
    Exactly, and for where I live I have never seen PC games for sale, not even seen a games shop for that matter and the super markets only have a few PS3 & 3DS games at best. However its not exactly a time saver for me as the average BB speed here is 3-4Mb with a max of 5Mb.

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    Re: Game Digital shares halved following major profits warning

    Quote Originally Posted by Chadders87 View Post
    I whole heartedly disagree with this statement Keith. Digital downloads are a great convenience and time saver. I don't have to worry about swapping discs, storing the damn things or be worried about scratches.

    My digital purchases are for life, not just until I lose or damage them. I am sure I speak for many digital downloaders when I say I spend quite some time shopping around for the best deals, (i.e. not lazy) and I am more often than not waiting for a game I want to go on sale somewhere (i.e. not impatient).
    While I agree with most of what you say.....you only need to look at the recent GFWL and GameSpy stuff to realise that your purchase may not work forever.
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    Re: Game Digital shares halved following major profits warning

    Game are clueless and this was on the cards from day one.

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    Re: Game Digital shares halved following major profits warning

    Quote Originally Posted by bae85 View Post
    can someone please explain to me how a company that went bust with 100's of millions of debt, can then become a new company and then lose another half a BILLION of value?
    They have lost company value (stock price x number of shares sold) it's not a trading loss as the article says they were in net profit and predict they will maintain that for the year. A big improvement on a few years ago.

    The stock market is a fickle thing driven by analysts that pick numbers out of thin air half the time.

    A company could make record breaking profits, but if it's less than an analyst that has nothing to do with the company suggested to investors then they'll take a stock price hit.


    With regards to my earlier comments that seem to have caused offence ... I was commenting in reference to the earlier rant about digital copies for consoles being more expensive than physical copies and less useful. The microsoft / sony stoes rarely have sales, they are also the only digital store so you cant shop around, a new £45 game is usually £60 on there.

    Consoles also have limited storage space for downloads you'll soon have to start deleting games in order to play new ones etc.

    PC wise all my games in the last 5+ years or so have been downloads, mostly steam but sometimes they can be expensive compared to the publisher direct.

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