GameStop shares drop after 'next Xbox blocks used games' report
6th Feb 2013 | 16:40
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.
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.