GameStop Holiday Sales Up on New Hardware Sales

January 14, 2014 - James Fudge

GameStop said today that it generated $3.15 billion in total worldwide sales over the nine-week holiday shopping season of 2013. The numbers represent a 9.3 increase over the same period a year ago, which can be directly attributed to new consoles and new console software sales. In fact, GameStop said that hardware sales were up 99.8 percent over the same period a year ago. Go figure.

“I am pleased to report that the extensive planning by our entire team over the past year to prepare for the new console launches paid off,” GameStop chief executive officer Paul Raines said in a statement. “Our outstanding execution during the holidays resulted in GameStop securing the number one market share position in the U.S. and in most of the countries in which we operate today.”

While new hardware and software sales were a boon for the retailer during the holiday season, sales of Xbox 360 and PS3 sales fell more than expected, and overall software sales declined by about 22.5 percent. Used game sales were up 7 percent in the period.

Source: GamesBeat


 
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