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Gamestop Holiday Sales Tick Up Over Last Year

The transition toward digital doesn't seem to be hurting Gamestop much, at least not during the holiday season.

In the nine week period leading up to January 4th Joystiq reports that Gamestop has posted $3.15 billion in global sales. That is an increase of 9.3 percent over the 2012 holiday season.

Whether you are a Gamestop fan or not the information breaks down in an interesting way for industry followers. $1 billion of that was in new hardware sales, nearly twice that of 2012. Obviously this was fueled by next generation hardware. New software sales were down by about $300 million from last year, and used game sales saw a small uptick.

Chief Financial Officer Rob Lloyd said on the press release that the drop in sales of last generation hardware was steeper than expected but that interest in new hardware has offset those issues.

"Based on these results, GameStop now expects its fourth quarter and full year 2013 same store sales to be at the high end of the current guidance range," added Lloyd.

Tags: Gamestop

1/14/2014 12:29:26 PM David D. Nelson

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Tuesday, January 14, 2014 @ 5:51:55 PM

I shoulda known nobody would give a rip lol.

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Tuesday, January 14, 2014 @ 8:38:08 PM

Don't beat yourself up, I come to this site every day to read the articles and more importantly the comments section. I've always respected quite a few of you on this site. (I could name them but who has that kind of time)

I guess what I'm saying is I respect your opinion and even when it seems nobody is paying attention there's always somebody who's appreciative of the information being keep it coming.

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Tuesday, January 14, 2014 @ 9:13:21 PM

Thanks man :)

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