GameStop Corp. (NYSE:GME) And ThinkGeek Stock Up On SNES Classic Editions

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GameStop Corp. (NYSE:GME) are looking to give gamers a throwback experience by stocking up on SNES Classic Editions this week.

GameStop and ThinkGeek announced a few days ago that they were stocking up on the SNES Classic Edition consoles, thus giving Nitendo fans a chance to own one. The two game store companies announced that the classic consoles would be available in shops this week. GameStop had announced that it would receive its full allotment by October 12 meaning shoppers can access the consoles today. ThinkGeek also announced that it would also sell the units online in addition to making them available in its brick and mortar stores.

‘GameStop stores should have their full allotment by Thursday, October 12, at the latest,” GameStore pointed out in a statement.

This is the second time that the SNES Classic Editions has been announced. They flew off the shelves quickly when they were initially announced and the preorders were also many. This means that Nitendo fans are quite excited about the consoles and thus the high level of demand. It thus makes sense for GameStop and ThinkGeek to take advantage of this demand. The first launch also had very few units meaning a lot of people missed out. However, the two firms are working towards catering to that demography by stocking up on new units this week.

Nitendo has also announced that it plans to ship more units of the SNES Classic Editions than the NES Classic units that it shipped. This is part of the company’s plan to make sure that customers also get their units without having to purchase them from other parties selling them at higher prices. The game/console company also plans to continue shipping the systems well into 2018.

The availability of online sales will also make it easier for people to get their hands on the SNES classics. Analysts believe that a drop in online prices will indicate good supply to match the heavy demand for the consoles.

GameStop stock closed the latest trading session on Wednesday at $19.59 after tanking by 3.19 percent compared to the value of the stock during the previous close.

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