GameStop Sales Go Up as Profits Go Down

Posted Fri Nov 18, 2011 at 06:30 AM PST by Dick Ward

New games and digital sales are up but boxed PC games shot down significantly.

GameStop is a household name for console gamers who find themselves in the store regularly for trades and purchases, whether they agree with the company's place in the market or not. PC gamers, on the other hand, have no real reason to go in.

It's becoming increasingly rare for PC gamers to set foot into retail stores thanks to services like Steam and Good Old Games. GameStop says that this accounts for a four percent decrease in the catch-all sales category known simply as "other."

New game sales were up five percent while digital sales shot up 59 percent. Sales overall were $1.95 billion - that's 2.5 percent higher than last year. Profits, however, were down to $53.9 million as compared to the $54.7 in the third quarter of 2010.

As you might imagine, GameStop is expecting big things from the fourth quarter of 2011.

Source: GameSpot

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Tags: Sales Figures, PC, GameStop (all tags)