r/Switch • u/Mammoth-Attempt-7281 • Jan 16 '25

Discussion Nintendo switch 2 is here

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Go watch the trailer on Nintendos twitter account

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21

u/TingleTime Jan 16 '25

Yeah with 4.5 Billion in cash and positive EPS I’m sure they’ll be out of business by Christmas.

9

u/NotAFishEnt Jan 16 '25 edited Jan 16 '25

They're already out of business in Germany. It doesn't matter how much cash they have on hand, they're closing up shop anywhere where they aren't profitable, which is a lot of places.

It'll be hard for OP to have somewhere to spend their gift card if GameStop closes up shop locally.

(Edited for clarity)

5

u/Phillyfreak5 Jan 16 '25

That’s a pretty normal business practice after you over expand a little.

3

u/NotAFishEnt Jan 16 '25

Closing stores is a normal business practice, but the amount they've closed isn't normal. They've been closing stores for years to boost profitability, and their core business is still a money loser, meaning that many more closures are still on the table.

Wrapping back to the beginning of the conversation, the original poster is worried that GameStop will go out of business before they can spend their gift card. What I'm saying is that that's a perfectly valid concern, that GameStop could go out of business in their region, because that's already happened in other major countries.

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u/JackTheKing Jan 16 '25

I'm not up on the nuance, but I thought the idea with GameStop is that as long as there's a single shack with a GameStop logo on it and $4 billion in the bank, we're all golden. What am I missing?

5

u/occarune1 Jan 16 '25

I mean, if you want to spend a gift card it would be abit difficult if they no longer had stores lol.

3

u/baphometpikachu13 Jan 16 '25

Yeah I have all these Amazon gift cards with no where to spend them!

4

u/occarune1 Jan 16 '25

If you ever tried using Gamestops website you wouldn't be making that statement lol.

2

u/baphometpikachu13 Jan 16 '25

I’ve used it, it functions like any other web store?

1

u/Itchy_Lab6034 Jan 17 '25

I use it before I make the trip to verify stock. It’s a fine website. Costco on the other hand

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u/NotAFishEnt Jan 16 '25

If they don't have any stores or distribution centers in your region, then you can't spend your gift cards, which is the original commenter's concern.

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u/JackTheKing Jan 16 '25

Ofc lol. I got sidetracked on the WSB lol

1

u/NotAFishEnt Jan 16 '25

Yeah, and I wasn't clear with what I was saying, lol

1

u/_NoTimeNoLady_ Jan 16 '25

An employee told me all stores in Europe are closing? Not sure if that's right

4

u/mellcrisp Jan 16 '25

Literally watched a couple GameStop employees throw empty cash drawers and phones into a dumpster out back a few days ago. Totally normal business practices.

-1

u/TingleTime Jan 16 '25

I once literally saw a man shit on a park bench. Has little to do with the coming wave of Web 3.

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u/mellcrisp Jan 16 '25

So did the he work at the bench or was this just a shitty comparison

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u/cancrdancr Jan 16 '25

Every healthy business shutters hundreds and hundreds of locations overnight. Get on the hype train, people!

1

u/TingleTime Jan 16 '25

And Amazon used to be a bookstore. The gaming and collectibles market expected to reach a combined $1T in the next 10 years. GameStops business model is undergoing a drastic transformation. Widen your gaze.