Better Buy: Amazon vs. GameStop
GameStop (NYSE: GME) is fighting the good fight and cheering its prospects, even in the face of incredible adversity. The struggling video gaming retailer reported disappointing revenue and a net loss for the recently-ended third quarter of fiscal 2020. However, management touted a 16.5% year-over-year increase in same-store sales in November. Launches of new PlayStation and Xbox game consoles are driving gamers into a buying frenzy. GameStop CEO George Sherman says that will be a big growth driver throughout the fourth quarter.
When all is said and done, though, Amazon (NASDAQ: AMZN) is still Amazon, and GameStop is still GameStop. The former remains unstoppable, and the latter remains reliant on a dying sliver of the video gaming industry. As such, Amazon is the default winner of any "Which is the better buy?" contest.
Image source: Getty Images.
Source Fool.com
