GameStop Reports Strong Second Quarter, Continues to Rely on Used Game Sales

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GameStopRetailer GameStop announced its financial results for its fiscal second quarter ended July 31, 2010:
For the quarter, GameStop reported net income of $40.343 million, compared to net income of $38.685 million in the same quarter the previous year.


Citing success selling downloadable content in its stores, GameStop plans to accelerate its efforts to sell downloadable content in its stores nationwide. GameStop noted that the top selling games of the quarter were Red Dead Redemption, Super Mario Galaxy 2, UFC Undisputed 2010, StarCraft II: Wings of Liberty and NCAA Football '11.

As usual, nearly half of GameStop's profits came from used game and hardware sales, despite comprising less than a third of gross sales.

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