Gigamax Games

Video Gaming Is What We Do! Let's Plays, Streaming, Podcast and Industry News

Tag: treyarch

Fallout 76 & Black Ops 4 Did Not Meet GameStop Sales Projections

Fallout 76 & Black Ops 4 Did Not Meet GameStop Sales Projections

The latest GameStop earning report revealed that two of the year's biggest releases failed to meet the company's sales projections. Both Fallout 76 and Black Ops 4 did not sell as well as the major video game retailer expected and Gamestop had some answers on why that could be.

CFO of GameStop, Rob Lloyd said that Black Ops 4 was "Not as successful as we had hoped." As for Fallout 76, the executive attributed the poor sales to the negative review scores the open world RPG received. "Obviously, you can see in the market what the Metacritic scores are around Fallout 76, and that's impacted its sell-through. I'll probably just leave it at that."

Gamestop, gamestop sales projections, video game industry, video game news, gaming industry news, video game industry news, gamestop news, gamestop sales, gigamax, gigamax games, fallout 76, call of duty black ops 4

Some of the big name sports games that were released also failed to meet the company's expectations in regards to sales. While Lloyd didn't mention any names, Madden NFL 19, Fifa 19, NBA 2K19, and NHL 19 were all released between August and September of this year.

It's Not All Bad...

Not all of the news from the earnings report was negative, though. According to the CEO, both Red Dead Redemption 2 and Spider-Man PS4 were GameStop's highest selling games. Even though Black Ops 4 did not meet their sales expectations, the game releasing in October instead of November helped boost Gamestop's overall games sales for the quarter by 10%.

GameStop's total global sales which include hardware, software, accessories, and more, rose by 4.8% to $2.1 billion for the quarter, which ended on November 3rd. New hardware sales rose 12.8% due to increased sales from PS4 and Xbox One. Games sales had a massive jump of 10.9% and accessories sales had the biggest gain of 32.6%. Despite these sizable increases, pre-owned sales dropped by 13.4%.

The company posted a loss of $488.6 million for the quarter, which compares to a profit of $59.4 million in the same quarter last year. GameStop says that this loss was attributed to an impairment charge that was worth $587.5 million that it paid as a result of the "sustained decline in the company's share price."

What's Next?

It seems as if the trend in gaming from physical to digital purchases is impacting GameStop in a big way. Physical sales and reselling were once the money maker for the games retailer, but now the company must focus on finding new ways of generating revenue in online markets. We'll be sure to keep a close eye on the future of GameStop, so be sure to keep checking back with GigamaxGames.com for all the latest information.

Source: https://seekingalpha.com/article/4225543-gamestop-corp-gme-ceo-shane-kim-q3-2018-results-earnings-call-transcript

Home
Articles
Videos
Streaming

Community

Call of Duty: Black Ops 4 Getting Battle Royale Mode

Black Ops 4 Getting Battle Royale Mode

After a multitude of teases and consistent leaks over the past couple of weeks, Activision finally revealed their latest addition to the Call of Duty series, Black Ops 4. Like the games that have come before it, Black Ops 4 will contain a variety of new and returning game modes such as Call of Duty's hit zombie mode. This year's installment to the series will feature Treyarch's take on the Battle Royale genre.

Who's Surprised?

Currently being called, Blackout, the new mode will have players battling until there is only one left standing much like the popular games PUBG and Fortnite. Blackout sets itself apart from the aforementioned titles by relying heavily on the previous Black Ops titles. Treyarch already stated that it wants to make a Battle Royale mode in their own way and to achieve that, they added elements from the entire series into the mode.

According to the developer, the map that players will drop into is the biggest one the company has ever made and will incorporate locations from previous Black Ops games. Players will also be able to use weapons and items from every entry of the series, including the infamous RC Car. Another new twist that Treyarch is including is land, air, and sea vehicles that will randomly spawn around the map. Finally, players will be able to take control of famous names from the series like Reznov, Hudson, and Mason.

Black Ops 4, call of duty, new call of duty, new black ops, call of duty battle royale

The Reveal Continues

Activision also dropped a bunch of other details about Call of Duties: Black Ops 4 during today's special reveal event. On top of Blackout, the developer discussed the brand new zombies campaign at length. The mode places a stronger emphasis on mystery and is set across three maps. The company mentioned that Black Ops 4 won't have a traditional single player campaign, instead, the game will have solo missions that focus on each of its Specialist characters.

Call of Duty: Black Ops 4 will launch on PS4, Xbox One, and PC on October 12th, which is a month earlier than the series typically releases. PC players will need to have a Battle.net account in order to buy the game as it is being exclusively sold through the service. A beta is going to be held for the game but Activision has yet to set a date for the test. Pre-ordering Black Ops 4 will gives gamers a chance to take part in the highly anticipated beta-test.

Be sure to stop by Gigamax Games in October for gameplay as the crew will surely be picking this game up if nothing else out of curiosity.

Home
Articles
Videos
Streaming

© 2018 Gigamax Games

Theme by Anders NorenUp ↑