GameStop CEO: Xbox 720 is a 'very hot' device

J. Paul Raines talks next-gen, software price hikes

GameStop CEO J. Paul Raines says the next generation Xbox will be "a very hot, compelling device."


According to the CEO, who spoke with GamesIndustry at a recent GameStop earnings call, the retailer has been spending a lot of time with Microsoft.

Raines is enthusiastic about the console, despite the fact that Microsoft has yet to acknowledge its existence. "We've been spending a lot of time with Microsoft, but we have to let them take the lead on this," Raines said. "But it will be a very hot, compelling device.

"They are doing some really cool stuff, and I'm eager to hear them start their announcements because I think the world is going to stand up and take notice," he said.

Raine is positive regarding the future of consoles, despite predictions that next-generation sales won't live up to previous generations. "We certainly don't believe that the new consoles won't be as exciting," he said, citing the 900,000 people who signed up to the retailer's PS4 mailing list.

The future of retail is also positive, according to Raine, who maintained that digital will not replace retail, though he hinted at some changes regarding software prices. "I think that's going to be a big debate in the next few months.

"I think publishers, if you ask them, wouldn't mind seeing a price increase."

The next Xbox is expected to be unveiled at an event in April.