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GameStop shares drop after 'next Xbox blocks used games' report

Investors react to speculation about Microsoft's new console

US retailer GameStop's shares are "trading sharply lower" this morning after Edge reported that the next generation Xbox will utilise anti-used games measures.

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The publication claimed today that all disc-based games for the new console will include one-time-use online activation codes.

Once verified, sources claim discs will have "no function beyond the initial users - effectively eliminating the second-hand games market as it's currently known.

Forbes reports that GameStop shares are trading down by 6.8 per cent following the publication of the report.

Second-hand products accounted for 28 per cent of GameStop's overall sales and more than 48 per cent of its gross profits in the quarter ended October 27 2012.

Further reading: Audio reaction to Edge's next Xbox report.

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