We've already reported details on GameStop's positive earnings, which they largely attributed to the success of the Switch. Now we have details from the conference call the company held, including comments from GameStop CFO Rob Lloyd and CEO Dan DeMatteo.
Switch demand will continue through the holiday (CFO Rob Lloyd)
Our expectation is that demand for Switch will continue to outpace supply for the remainder of the holiday season and for this to be one of the most sort after gifts. We are working closely with Nintendo to ensure that we are best able to meet the holiday needs of our customers.
On the used Switch market not really becoming a factor for GameStop yet (CEO Dan DeMatteo)
So, what we see there is actually an interesting dynamic relative to where we were four years ago. So, on the Switch, we would expect that that would be a more meaningful contributor to our preowned business probably in the latter half of 2018, just recognizing that part of that dynamic is that it’s the new console on the block. So, people that are buying the Switch are playing those franchise titles that Nintendo has released Zelda, Mario Kart, Super Mario that keep them engaged with that platform.
In contrast, if you look back four years ago, it did not take as long for the PlayStation 4 and the Xbox One to work their way into our preowned business because you had those two consoles kind of competing with each other. And so, you had that consumer that would try one and decide they wanted to go with the other traded in and sort of switch [indiscernible]. So, the dynamics is just different this time.