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Submitted by Diselage 2675d ago | news

Profits soar for GameStop

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. (Industry)

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bootsielon  +   2675d ago
Dear GameStop
Your days are counted.

Sincerely,

A content on-demand consumer.
closedxxx  +   2675d ago
LOL
Funny. And true. Although their numbered days may be a bit more than many think. Retail is still going to be a big part of sales for 5-10 years. Many people still like to have the pyhsical object they are purchasing. many women call it "Retail Therapy" and there is just something about picking up a shiny new box at the store. And until a higher speed data network is more widespread and functional in todays neighborhoods, you would actually save time by running to the store to pick up a game rather than wait for the 5,10,15GB download to complete.
And let's not forget, there will always be hardware (consoles + peripherals)
#1.1 (Edited 2675d ago ) | Agree(0) | Disagree(0) | Report | Reply
closedxxx  +   2675d ago
To be expected
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?
Diselage  +   2675d ago
This year should be fine with all the great titles coming out, but next year i would expect a slow down
Excalibur  +   2675d ago
AND
Everyone in the world is Pre-ordering Halo 3

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