87

Gamestop sales see major increase

chautemoc | March 18, 2008 | News | Company Misc 
Pirates certainly aren't slowing down the gaming industry much, as popular American retailer GameStop saw their sales increase 33% last year, up to $7.1 billion. Their net income rose 46 percent as well, to 189.8 million, their net earnings were 288.3 million, up 82 percent, and revenue increased 24 percent from the prior year to USD 2.87 billion.
"2007 was a transformative year with hardware sales setting records and the installed base of users reaching an all-time high," said chairman and CEO R. Richard Fontaine.

GameStop has forecast Q1 earnings in the range of USD 0.32 - 0.33, with FY earnings in the USD 2.25 - 2.34 range, with FY revenue expected to grow 19 - 21 per cent.
8 comments | go to source (www.gamesindustry.biz) | Add to favorites! favourite this article | send to friend | add alt source
Register as a member to subscribe comments.

Comments with -10 or lower "thumbs" are removed from display.

  • 0 thumbs!
    Jeterocks | March 18, 2008
    Great picture for this article I must say. It was the first thing I saw and I was like "wtf" then I read the first sentence of your summary and it all makes sense. Great job ;D
    • 0 thumbs!
      chautemoc | March 18, 2008
      Heheh, thanks.
      I AM NOW FULFILLING THE CHARACTER LIMIT!!!
  • 1 thumbs!
    Sereph | March 19, 2008
    It doesn't help that pirating games is becoming more trouble than it's worth.

    However, a majority of Gamestop's sales are in used product as well.
  • 1 thumbs!
    Dance Floor Killah | March 19, 2008
    Now if only they could work on employees... a lot of assholes work around here.
  • 0 thumbs!
    Naruto Boy | March 19, 2008
    Lmfao @ the picture, pirates helping sell games? ....
    • -1 thumbs!
      Avalith | March 19, 2008
      Shh, don't tell anyone. Their secret will be ruined if you do.

      Nice picture, chautemoc. Is that Krunal after a bad hair day?
      • 0 thumbs!
        chautemoc | March 19, 2008
        That was quite a zinger.
  • 0 thumbs!
    ShinyMilotic | March 19, 2008
    Lol at the pic.

    That is a pretty big increase.

This news story is archived and is closed to comments now.

Submit Newshelp

Recent Forum Threads

Top Contributors

This Month
Twisted 380 pts
Silver Mir.. 356 pts
Tyranitar24 349 pts
chautemoc 260 pts
Gothic Girl 228 pts
Cruxis Mana 214 pts
Dark Arcan.. 198 pts
Akira_EX 187 pts
Linkin Par.. 161 pts
Deathsythe 137 pts
All-Time
Gothic Girl 18460 pts
Krunal 12319 pts
Linkin Par.. 10405 pts
chautemoc 9791 pts
Final Blade 9293 pts
Silver Mir.. 9126 pts
xsynergyx 7909 pts
Akira_EX 7828 pts
mistermostyn 7668 pts
Tyranitar24 7142 pts

Stats

Today
Published News: 2
Comments: 17
Points Given: 113
Users Registered: 3
This Month
Published News: 160
Comments: 1037
Points Given: 2355
Users Registered: 27
All Time
Published News: 11167
Comments: 76364
Points Given: 180641
Users Registered: 597

Conventions / Trade Shows

(0.1651/d/aeon)