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GTA 6 Is Going To Be Huge. So Why Is Take-Two’s Stock Having Such A Bad Year?

GTA 6 Is Going To Be Huge. So Why Is Take-Two’s Stock Having Such A Bad Year? https://ift.tt/WumgPLN Take-Two owns one of the largest entertainment franchises out there in Grand Theft Auto. The newest entry, GTA 6, launches this November. There is enormous hype for the new game, which is expected to sell millions of copies at launch and break records. In short, it's expected to be a once-in-a-decade (if not ever) kind of title. The game is also coming to market with a lot of positive sentiment and excitement. If you're a Take-Two shareholder, however, the past year has been a big bummer. Take-Two's share price has slid about 15% so far this year and is down about the same over the past year, meaning anyone who invested in the past year has lost money (at least on paper; gains or losses are not realized until positions are sold) in the run-up to GTA 6's release in November.  What's going on here? There are plenty of factors involved in what could be driving Take...
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Nintendo Has A Simple But Effective Plan To Stop Switch 2 Scalpers

Nintendo Has A Simple But Effective Plan To Stop Switch 2 Scalpers https://ift.tt/OlgrUZ9

Nintendo has a plan to combat the potential scalping of its Switch successor: one that boils down to making certain that there are enough units available to satisfy demand when it's eventually released. In a Q&A session during a shareholders meeting, Nintendo President Shuntaro Furukawa explained how the company will take on the reseller market.

"As a countermeasure against resale, we believe that the most important thing is to produce a sufficient number to meet customer demand, and this idea has not changed since last year," Furukawa said (translated via IGN). "In addition to this, we are considering whether there are any other measures that can be taken to the extent allowed by laws and regulations, taking into account the circumstances of each region."

At the start of the COVID-19 pandemic in 2020, Switch consoles became sought-after items. The global semiconductor shortage in 2021 saw supply shrink, but echoing previous statements regarding availability, Furukawa added that Nintendo is anticipating that it'll have enough stock to combat scalping.

Continue Reading at GameSpot
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