Now Amazon to sell used Games..!!

Amazon now enters the used game market. A move that could threaten the monopoly owner Gamestop.

The Seattle Internet retailer launched a service Thursday in which it will allow customers to trade in used videogames for store credit, taking aim at a key portion of GameStop's business.

Not surprizingly, shares of gamestop plunged 14% the day to $23.46 , down $3.84.

Gamestop has been quite immune to the recession due to its used game selling business which accoounts nearly a 50% of its profits. An entry of a nehemoth like Amoazon might severly damage its numbers which were stronger than expected for the period ended Jan 31.

Used game business now seems to be getting up and many seem to be interested with BestBuy and Toys"r"us als testing the trading of used games.

Gamestop's used games are usually $10 to $5 cheaper than the cost proce of the game. Amazon with its might and power might just get things right at the right time like it did before in the 2000 marketcrash. Many hope that technology should get the world out of the crisis like it did before. the business model is quite powerful and with the consumers turning thinkers and becoming wiser by the day it makes quite a sense for Amazon to enter this segment.

Would you buy a game online for $60 if you are going to get the same at a discount of 20% and the game isnt damages and can be used inthese tough times??

I wouldn't.