GameStop currently sells mobile devices, digital content in-store, and offers online browser gaming through its Kongregate portal, but as more and more of the industry swings to the mobile and online world, that may not be enough to stave off declines, the company said in its 10-K filing.
“Gaming continues to evolve rapidly. The popularity of browser, mobile and social gaming has increased greatly and this popularity is expected to continue to grow,” said the retailer. “Browser, mobile and social gaming is accessed through hardware other than the consoles and traditional hand-held video game devices we currently sell. If we are unable to respond to this growth in popularity of browser, mobile and social games and transition our business to take advantage of these new forms of gaming, our financial position and results of operations could suffer.”
“The company has been and is currently pursuing various strategies to integrate these new forms of gaming into the company’s business model, but we can provide no assurances that these strategies will be successful or profitable.”
