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Gamestop stock drops ~10% on "weak" Q3 earnings - Black Ops III/Fallout 4 "strong", Halo 5/AC: Syndicate/Battlefro
The stock has recovered somewhat, but it was down as much as 20% in pre-market trading.
Valve/Gamestop announce "Dedicated Steam Hardware Sections" in retail outlets
STEAM SECTIONS COMING TO GAMESTOP, GAME, AND EB CANADA
Leading Retailers and Valve Introduce Dedicated Space for Upcoming Steam Hardware Devices and Prepaid Cards
Oct 5, 2015 -- GameStop, GAME UK, EB Games, and Valve today announced dedicated Steam Sections launching this fall in GameStop (USA), GAME UK, and EB Games (Canada) stores. The section will feature the Steam Hardware devices launching November 10 (Steam Controller, Steam Link, and Steam Machines) as well as a variety of Steam prepaid cards.
Through the holiday season, GameStop, GAME UK, and EB Games will be the exclusive non-digital retailer for the Steam Hardware products in their respective territories. Steam prepaid cards launched in stores three years ago, and sales performance for those offerings has been increasing each year.
"GameStop, GAME UK, and EB Games are leading retail destinations for core gamers and early adopters," said Gabe Newell of Valve. "Creating a 'store within a store' across North America and the UK is a significant win for getting the first generation of Steam Hardware products into gamers' hands."
Valve partnered with these leading retailers earlier this year to launch the pre-order for the Steam Hardware devices, offering gamers the chance to receive their gear 30 days prior to launch. That offer sold out in less than a month, and those who pre-order now through the Nov 10 launch will receive free copies of Pysonix's hit title Rocket League and Valve's classic Portal 2.
"Steam has helped grow PC gaming into a leading platform for games," said Bob Puzon, senior vice president of merchandising at GameStop, the exclusive retail partner in the U.S. for Steam Hardware. "With millions of gamers already enjoying the Steam desktop experience, we anticipate a strong demand for the upcoming Steam Hardware products and are looking forward to serving as the exclusive non-digital retail launch partner."
"Steam continues to grow and has become synonymous with PC gaming, and as the UK's number 1 gaming specialist retailer we are excited about bringing these products to GAME in UK," said Charlotte Knight, managing director at GAME. "With the innovation that the Steam Controller, Steam Link, and the Steam Machines give gamers in the living room, we expect to see significant demand for these new products. The first signs of this can be seen with the sold out Early Bird launch of both the Steam Link and Controller on October 16th exclusively at GAME in the UK. GAME are delighted to be partnering with Valve on the new technology and support the continuing growth of this category."
A leading platform for PC, Mac, and Linux games, Steam offers more than 6,000 titles to millions of gamers around the world. Targeted for release on November 10, the Steam Controller, Steam Link, and Steam Machines are a collection of hardware designed to expand the Steam gaming experience into any room in the home.
About the Steam Hardware devices:
Steam Controller -- An innovative input device that allows you to play games from all genres, including traditional gamepad style games as well as games usually reserved for play with a mouse and keyboard. Steam Controllers are wireless, completely configurable, and available for pre-order in the U.S., Canada, and the UK for a suggested retail price of $49.99/?54.99/£39.99/$59.99CAD.
Steam Link -- The Steam Link allows Steam gamers to easily expand the range of their current gaming set up via their home network. Connecting any TV to your Steam host PC or Steam Machine, the Steam Link allows you to stream your games at 1080p 60 fps, and is available for pre-order in the U.S., Canada, and the UK for a suggested retail price of $49.99/?54.99/£39.99/$59.99CAD.
Steam Machines -- Available from Alienware and other manufacturers, Steam Machines can serve as a stand-alone device for enjoying the Steam gaming experience in one box. In addition, Steam Machines have the ability to broadcast and receive In Home Streaming, allowing you to stream your games to a Steam Link, or receive a stream from another Steam Machine or PC. Steam Machines will vary in price, offering a range of hard drive sizes, graphics performance, and more. Available for pre-order in the US, starting at a suggested retail price of estimated $449.99.
Gamestop discontinues carrying console bundles with digital pack-in codes
Considering how much of Gamestop's revenue is dependent on the resale of physical software, this is hardly a surprise.
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