GameStop Reports Third Quarter Global Sales of $2.11 Billion, Pre-owned Sales Drop 2%
GameStop reported their sales and earnings for the third quarter ended November 2nd, which includes total global sales of $2.11 billion, up 18% from the $1.77 billion seen in the same quarter in 2012.
One of the big gains GameStop had was through sales of new software, which rose 43.1% and was helped out by new releases such as Grand Theft Auto V. As well, new hardware was up 15.3%, with the Nintendo 2DS and 3DS leading the pack. Also seeing growth was mobile and digital, which sold $49.9 million (up 14.4%) and $137.9 million (up 8.6%), respectively.
Surprisingly, one area seeing a decline was pre-owned sales, dropping 2%.
Paul Raines, CEO, talked about the results:
Our strong third quarter sales results give us great momentum as we enter the new console cycle. Consumer appetite for the new consoles is very strong judging by last week’s successful PS4 launch and the excitement for tonight’s Xbox One launch event. Globally, we are executing our unique playbook to maximize our position of strength.
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