GameStop to End PS2-Related Trade-Ins

by Nate Wooley | May 6, 2013 9:30 am

gamestop sign 245x300 GameStop to End PS2 Related Trade Ins[1]Video game store GameStop (NYSE:GME[2]) will stop accepting Sony’s (NYSE:SNE[3]) PlayStation 2-related trade-ins starting June 1.

The game retailer — which has more than 6,600 stores around the world — announced the policy with signs placed in its shops, Joystiq reports[4].

The policy comes as the next generation of console game systems are on the brink of being released. The PlayStation 4 has been the subject of Sony events and many Internet rumors for more than a year. While the company will not confirm any specific release date, most analysts think that it will be sometime in 2013.

Also influencing the decision to stop accepting PS2 trade-ins is the fact that Sony has stopped manufacturing PS2 games and hardware. The final products came out in December 2012. Originally released in October 2000, the 12-year run makes the PS2 the longest-available console game system in history.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/05/gamestop-sign.jpg
  2. GME: http://studio-5.financialcontent.com/investplace/quote?Symbol=GME
  3. SNE: http://studio-5.financialcontent.com/investplace/quote?Symbol=SNE
  4. Joystiq reports: http://www.joystiq.com/2013/05/05/gamestop-will-stop-taking-ps2-trade-ins-as-of-june-1/
  5. Zynga Strikes ‘Game of Thrones’ Deal: http://investorplace.com/2013/05/zynga-strikes-game-of-thrones-deal/
  6. Girl Scouts Add New ‘Video Game’ Merit Patch: http://investorplace.com/2013/04/girl-scouts-add-new-video-game-merit-patch/
  7. Disney Stops Making Star Wars Games: http://investorplace.com/2013/04/disney-stops-making-star-wars-games/

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