Next Xbox blocking used games “unlikely,” GameStop CEO says

Next-gen Xbox blocking used games? GameStop isn’t buying it. Talking during the retailer’s quarterly earnings call, CEO Paul Raines said he’s not a believer.

“We think it’s unlikely that there would be that next-gen console because the model simply hasn’t been proven to work.

“Remember that used video games have a residual value. Remember that GameStop generates $1.2 billion of trade credits around the world with our used games model. So, consider taking used games out of that, you’d have to find new ways to sell the games, and our partners at the console companies have great relationships with us.

“What we’ve done is created a way for that new leading edge consumer to dispose of their old games and that’s what creates this great circle of life we talk about that so many try to imitate.”

The rumors on the new hardware have been all over the place, with some expecting it to ship with a Blu-ray drive, and others with no drive at all. Needless to say, there are no facts to clutch onto just yet. And with Microsoft saying it won’t be bringing the next Xbox to E3, don’t expect there to be any for a while.