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.

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Comments

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.