Tag: USED

Video game outlet GameStop allows consumers to buy and sell used games, and, until recently, has been the only major retailer to provide such a service. According to reports this month from video game blog Kotaku, the franchise has been taking advantage of its market domination by selling used games as new ones. GameStop permits its employees to "check-out" games by playing them for up to four ...

GameStop, for years, has monopolized the corporate-level, used game and trade-in market, but, in March, several big-name retailers muscled in on the action. Amazon (which had previously allowed only third-party, used game sales) and Toys 'R' Us initiated the movement, and, according to Colin Sebastian of Lazard Capital Markets, several other major corporations will soon enter the fray, as well. ...

This little phenomenon has been going on ever since lines were wrapped around buildings as consumers waited impatiently for the iPhone 3G, but even now, original iPhones are fetching wild prices on the secondhand market. In a weird twist of economics, Apple's iPhone actually maintained the majority of its value even after its successor hit the market. Why, you ask? Put simply, a first-gen ...