Shares in Gamestop GME approached the $10 mark as pre-sales of the Sony Playstation 5 sold out in hours on the Gamestop web site.  The new console is now being offered on resale sites for massive markups.  Gamestop was expected to sell up to 4 million new Sony and Microsoft XBox units combined between the 4th quarter of 2020 and all of 2021.  It looks very likely that the company will sell far more units than that as gamers are stuck at home and are looking for new ways to pass the time.  Estimates from analysts are that for very 1 million units that Gamestopsells that the firm will earn $20 million EBITDA.  #Gamestop #sonyplaystation5 #Xbox


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