https://x.com/adamscochran/status/1995501382171025884
My money is on the Chinese shutting down their gamer gatcha market to Japan dominoing to the AI market imploding via Nvidia going bankrupt or some shit
https://x.com/adamscochran/status/1995501382171025884
My money is on the Chinese shutting down their gamer gatcha market to Japan dominoing to the AI market imploding via Nvidia going bankrupt or some shit
95% of sales volume was financed? that’s wild
Doesn’t mean much since I assume it must also include all credit card payments. I’m sure there is plenty of bad news once you get into the details, but that number by itself isn’t that surprising.
i read a stat that while 95% was financed (which just means they paid with a CC, which lots of people do for convenience) a full ~66% were NOT planning on paying this charge off during the 30 day grace period… which means they are getting hit with the exorbitant interest fees. which, to me, is fucking crazy.
20% interest on 50% off is still coming out on top. Depends on what they bought.
I bought everything on 0 interest. I’m not paying anything off in 30 days. Why should i?
I assumed that could mean those 4 payment plans or the 6/12/24 month offers.
i never trust those “90/180 days same as cash” type of flex pay plans offered at the point of sale, because too many have fine print for retroactive interest on the entire amount “borrowed” at purchase if you’re even short a cent at 11:59pm on the payoff date. and naturally, they play games, taking like ~4 business days to process payments which is always like ~1 week around the holidays.
i know not all do, but enough do and i don’t like being actively sold more than one thing at the same time (1) the actual doohickey, and (2) the one time financial product to borrow the money for the doohickey. with the CC, i have generally looked through the terms of using the card with a critical eye to find those landmines and plan how i will avoid them before opening the account.