Wall Street Betting on new consoles. What if they fail to sell?
With PC gaming and mobile gaming crushing the last console I wonder why investors are betting that the new consoles will breathe enough life into gaming to keep GME alive? Even if the consoles sell they are low margin and more games will be downloaded on these platforms. Mobile continues to grow and take away share. Amazon and Google both rumored to be building Android based gaming consoles that will be exclusive downloaded apps/games.
I'm not taking the bet. I think this console cycle will be a fraction of the last one.