Mike Fahey of Kotaku writes:
"Video game retailer GameStop reports record sales and earnings for first quarter 2009, with a slight drop in new game sales bolstered by a significant rise in used products.
Despite the unstable economy, GameStop once again delivers a report indicating record sales and earnings to their doubtlessly overjoyed shareholders. Sales were up 9.2% compared to this time last year, with $1.98 billion dollars worth of product passed to consumers. Net earnings were up 13.4%, rising to $70.4 million from last year's $62.1 million.
Great news for GameStop, though not so good for the games industry as a whole, as new game sales declined and used games jumped significantly."