The Downfall of GameStop and the Digital Purchases Boom

It’s been a long time coming but it looks as if the biggest video game retailer might be in its last days. GameStop has been in decline since the beginning of the digital age of video games (no pun intended). Since the boom of digital downloads, most hard copy retailers have been finding it quite hard to stay afloat and GameStop is no exception.

GameStop had been looking for a buyer since June of 2018, but has since announced that’s no longer the case. The company has ceased its efforts to find a buyer, causing the company’s stocks to drop between twenty to twenty-five percent. The company has been in financial turmoil for some time and despite buying and selling used games and consoles, things haven’t been looking up.

Not only are digital purchases becoming more frequent but there are other companies cashing in on the boom. Companies like Google, Apple, and Amazon have created their own video game streaming services so with all the competition it’s understandable to see why investors aren’t enthusiastic about lending.

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