It's good that Sony is feeling the backlash for their greedy idea. If they ever go forward with it, it will do them much more harm than good.
GameStop shares rebound
Following 5 percent dive yesterday on Sony used games suppression technology patent filing, speciality retailer bounces back.
GameStop shares bounced back today, up more than 2 percent to $24.85 at press time. Shares of the specialty retailer dipped by more than 5 percent yesterday following the publication of a Sony patent application for technology that would block used games.
The technology would make it so only the original purchasers of a game could play a given title. Thus, retailers that buy and sell second-hand games like GameStop would be negatively impacted.
Analysts were not keen on the idea, however, telling Bloomberg Businessweek yesterday that such a technology would be detrimental to Sony's overall business.
Sony's patent application is by no means a guarantee that a future system, potentially the PlayStation 4, would leverage the used games-blocking technology. Sony has not commented on the matter since the patent application filing was discovered yesterday.
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