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GAME Profits Up - PlayStation 3 Already Big Contributor

UK specialist retailer, GAME, has announced operating profits of £6.1 million for the financial year ending January 31st 2007, three times last year's figures.

Overall sales were up from £645.1m in 2006 to £801.3, while like-for-like sales rocketed to £16.2m, up significantly from £4.2m last year. Online, profits more than doubled, rising from £0.7m in 2006 to £1.5m this year. 'Like-for-like' figures represent sales from stores that have been open for more than two years.

Speaking about expectations for the forthcoming year, GAME chairman Peter Lewis, a happy man today no doubt, commented:

"We have seen a strong start to the year, in what is traditionally a quiet sales period for GAME, thanks to the PS3 launch and hope to continue to build on our success throughout the year."

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gta_cb3806d ago

good news, BUT just incase any fanboys start a flamewar i want to say, its because of all the game systems, XBox 360 (being out a whole year must have helped) Nintendo Wii ... although its short of stock all the time :( and finally the last launch system the PlayStation 3! i just hope they do something about the price, as i mite then be persuaded to buy one near the end of the year ;)
oh and congrads GAME, i just wanna know if there was news like this when the PS2 and XBox1 launched all those many years ago.