GameStop Says Consumers Will Not Buy Games Before Next-Generation

GameStop makes predictions for the consumer and market trends in their share of the gaming industry.

After posting losses in their latest financial reports, GameStop Corp. has given their 2013 outlook for their market share.

From their Sales and Earnings for Fiscal 2012 and 2013 Outlook -

CEO Paul Raines pointed out that GameStop is counting on the next generation for profit when he stated, “As we look towards the start of the new console cycle, our industry market model indicates a return to growth with the launch of new game systems. GameStop is strong, healthy and ready to lead the industry and its customers into the next phase of gaming.”

While the company expects a “strong finish” to the year with releases of games like Grand Theft Auto V and next-gen consoles, they also don’t expect much before that time comes. In their reports the company said,

“Ahead of these events [next generation console and GTA V release], GameStop expects the first half of the year to be challenging as consumers postpone purchases leading up to the fourth quarter console launch.”

We shall see what the final word is on these predictions when they give their 2013-2014 reports next year.

For now, sound off in the comments below: Are you holding off certain gaming purchases while you wait for the next generation?