GameStop Reports Consistent Quarter, Still Relying on Used Products

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GameStopRetailer GameStop reported its financial results for its fiscal third quarter ended October 30, 2010. Read on for more details...
For the quarter ended October 30, 2010, GameStop reported net income of $53.708 million, compared to net income of $52.225 million in the same quarter the previous year. GameStop credited the small increase to strong game sales, offset by weak hardware sales. The top selling games of the quarter were Halo: Reach, Madden NFL 2011, Fallout: New Vegas, NBA 2K11 and Medal of Honor.

As usual, used video game hardware and software provided nearly half of the company's profit. In this latest quarter, used video game products comprised 27.8% of sales and 47.4% of gross profit.

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This page contains a single entry by Editor published on November 18, 2010 8:53 AM.

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