Posted on November 18, 2011 by CNET in Business & Marketing, Tech & Gadgets Apple’s iOS-based devices are helping many retailers bolster their bottom lines, but who’d have thought that they would also benefit a boutique game retailer?
In a research note sent to investors today, Wedbush analyst Michael Pachter said that he believes iPhones and iPads could play a “significant” role in GameStop’s financial performance in the coming quarters.
“Given the public’s seemingly insatiable demand for iDevices, the high trade-in credit that can be received for these devices (as opposed to the typical console game, for example), and the economic constraints felt by many consumers that prevent the purchase of a brand new iDevice,” Pachter wrote in the note, “we see this used business as a significant revenue growth opportunity that has not been addressed by GameStop’s competitors.”
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