Jan 4, 2013

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GameStock Shares Drops Amid News of Sony’s Latest Patent

GameStock Shares Drops Amid News of Sony’s Latest Patent

We shared that a patent for technology that would prevent a console from playing used games was filed back in December by Sony¬†yesterday.¬†¬†Despite the fact that this is just an application and not actually being putting to use, GameStop’s shares took a 6.1 percent fall following the news.

This isn’t the first time that GameStop’s stocks have fall due to rumors of technology that would basically eliminate the ability for a console to play used titles. Back in 2005, GameStop’s stocks dropped when rumors of the technology being used for the PlayStation 3 had emerged. Even recent rumors of Microsoft considering a similar technology for their next console had a negative effect on the company’s stocks.

[Source: Yahoo Finance via Kotaku]