GameStop Corp's full-year profit forecast missed Wall Street expectations as the dollar strengthened and demand for new PlayStation 4 and Xbox One consoles failed to make up for falling sales of earlier versions. Shares of the world's largest retailer of video game products, which also reported a quarterly profit that missed estimates, fell 6 percent in after-market trading on Thursday. Demand for Microsoft Corp's Xbox One and Sony Corp's PlayStation 4 consoles have also cooled off since the holiday shopping season. "It just feels like things are going to be a little bit softer than what the initial model had projected." The eighth-generation video game consoles followed PlayStation 3 and Xbox 360.
via Tech News Headlines - Yahoo News http://ift.tt/1NfcdbG
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