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GameStop CEO Says Games Are "Irrelevant" To Company Revenue
(insider-gaming.com)
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And that’s basically it!
They’re not going to stop selling games, it’s just gonna be code cards now. They’ll still work out deals with the publishers for exclusive sales, and of course they’re still going to be selling consoles and handhelds.
It's going to be irrelevant, why bothering going in a physical store and get bombarded with upsells to get a GS+ subscription for getting just a download code that can be downloaded from your couch?
Download codes are the reason the PC section in all game stores is missing or extremely tiny
Because not everyone has or wants credit cards. Children can't get credit cards. Code cards are also useful for gifts.
I think you are right that even less people will buy them than physical games, but I don't think they will be irrelevant.