"We think it's unlikely that there would be that next-gen console because the model simply hasn't been proven to work," Paul Raines, GameStop CEO, said.
Raines pointed out that the majority of the $1.2 billion of credit it generated from used games went back into purchasing a video game.
If you follow the popular conventional wisdom, you would think pre-owned is replacing new. The truth is, pre-owned is an opening price-point category. The average price is $18. A lot of it is old generation. What it is is a category for the customer who's maybe not ready to invest in a new game, but wants to get into the console business and console entertainment.