Friday, August 19, 2011

Profits down for the American chain GameStop

The American chain GameStop has seen decline its profits during the second quarter of 2011 (or the first quarter of fiscal 2012). Overall sales fell by 3.1%, for a total of 1.74 billion dollars against 1.8 billion in the same trimeste 2010.

Digital sales have increased by 69%. The sale of used accounted for 36% of the total, surpassing the sales of the new (34%) and hardware (16%). The rest was derived from digital sales and other items. Shares of GameStop were down 5% after the release of these results, however, the CEO of the chain is expecting a rapid improvement, in particular due to the arrival of highly anticipated titles.

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