GameStop has recorded profits of USD 24.7 million (EUR 18.3m), a rise of 111 per cent, and sales of USD 1.28 billion (EUR 949m), up 23 per cent, for the first quarter of 2007 reports GamesInustry.biz.
Although the Wii and DS have been key drivers, strong performances of all next-gen systems has boosted hardware sales by 75.1 per cent.
"Our first quarter results were driven by the strong growth of next-generation hardware despite both Nintendo products, the Wii and DS Lite, being in short supply throughout the quarter," commented CEO R. Richard Fontaine.
"Our business is benefiting from unmatched platform expansion. For much of the quarter, seven different platforms were represented among our top 25 best sellers.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.
"The best games of the year and the creative teams behind them were in the spotlight at the grand award ceremony of the German Computer Game Award 2024." - German Computer Game Awards.
Your days are counted.
Sincerely,
A content on-demand consumer.
I would certainly hope they are seeing record sales. There are 3 new consoles on the market, the DS is blowing up all over the world, and we just came out of a winter packed full of games. Of course they are going to see crazy sales. Let's see how things look for them in the middle of august eh? Gaming drought anyone?
Everyone in the world is Pre-ordering Halo 3