{"id":91456,"date":"2020-10-09T15:59:38","date_gmt":"2020-10-09T15:59:38","guid":{"rendered":"https:\/\/gamerant.com\/gamestop-stock-price-microsoft-partnership\/"},"modified":"2020-10-09T15:59:38","modified_gmt":"2020-10-09T15:59:38","slug":"gamestop-stock-price-spikes-after-microsoft-partnership","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/09\/gamestop-stock-price-spikes-after-microsoft-partnership\/","title":{"rendered":"GameStop Stock Price Spikes After Microsoft Partnership"},"content":{"rendered":"

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Over the last few years, its become increasingly apparent that GameStop<\/strong>‘s chain of stores\u00a0is\u00a0in a lot of trouble. Not only has the brand\u00a0encountered severe financial difficulties, but it also stumbled into mass controversy at the beginning of the COVID-19 pandemic for endangering GameStop employees and creating hazardous work environments<\/a>.<\/p>\n

Recently, the company announced that it would enter a multi-year\u00a0partnership with Microsoft<\/a>, hoping to alleviate its bad luck by striking a strategic deal that would benefit both companies.\u00a0Microsoft offered GameStop its technology, including a cloud-based data storage application that would analyze customer preferences and deliver real-time data, while the store would sell Xbox Series X and S bundles that come complete with a two-year subscription to Game Pass Ultimate.<\/p>\n

RELATED: GameStop Reports Massive Loss in Q2 Earnings, Stocks Drop<\/a><\/strong><\/span><\/p>\n

If the target for the deal was to strike up more business for GameStop<\/a>, it seems its been a unanimous success, with a new report from Reuters claiming that the store’s shares have risen by a whopping 44%. For a company that has recently been spiraling both in terms of revenue and public opinion, that’s a huge deal, with many expecting the numbers to rise even higher when the next-generation consoles debut next month. A new console cycle always means\u00a0bigger sales numbers, after all, especially considering the rate of which the PlayStation 5 and Xbox Series X have already sold out around the world. GameStop stands to have an especially lucrative holiday season, which only benefits the chain of stores following its Q2 losses.<\/p>\n

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For those out of the loop on\u00a0company’s\u00a0current financial situation, the\u00a0retail giant\u00a0announced in early September that it plans to close over 400\u00a0 GameStop stores<\/a> by the end of year due to its\u00a0revenue being on the decline. It’ll be interesting to see whether the new deal and this sharp spike in shares correlates to a second wind for the company, with the next-generation likely being its last chance to stay on its feet.<\/p>\n

Many will likely be invested in GameStop’s plans for this winter seen as its deal with Microsoft will lead to some fantastic bundles in-store. With\u00a0Xbox leaning more heavily than ever on its Game Pass membership<\/a>, having a bundled in subscription to the service will completely strip away the dilemma of forking out extra money on a console’s launch lineup. It’s a smart move on Microsoft’s part, but one that will no doubt help GameStop, as the store can offer a player-friendly\u00a0bargain that will attract many looking to invest in a Series X this Christmas.<\/p>\n

MORE:\u00a0GameStop Will Reportedly Offer Payment Plans for PS5 and Xbox Series X Consoles<\/a><\/span><\/p>\n

Source: Reuters<\/a><\/p>\n\n

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GameStop shares skyrocket following the announcement of a multi-year deal struck with Microsoft surrounding the Xbox Series X and S.<\/p>\n<\/div>","protected":false},"author":120,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"GameStop Stock Price Spikes After Microsoft Partnership - ITTeacherITFreelance.hk","description":"GameStop shares skyrocket following the announcement of a multi-year deal struck with Microsoft surrounding the Xbox Series X and S."},"footnotes":""},"categories":[607],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/91456"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=91456"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/91456\/revisions"}],"predecessor-version":[{"id":91457,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/91456\/revisions\/91457"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=91456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=91456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=91456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}