GameStop just released its quarterly reports and it looks like sales and net earnings were all up for the second quarter for the company. Global sales increased 25% to $1.73 billion and new hardware sales more than doubled over the last 3 months. Going from $148 million to $332 million during the quarter; this jump in sales Gamestop attributes to the “Very High” demand of the Xbox One and PlayStation 4. Sales of new software rose by 16% from $430 million dollars to $497 million, due to the performance of title such as Watch_Dogs, and Mario Kart 8. Net earnings GameStop says are up 134% from 2013 to $24.6 million.

The largest driver of sales for GameStop were “pre-owned and value products,” these sales made up 32% of total sales. GameStop has recently revamped the trading process, setting up 4 tiers of price points that take account if the customer wants cash, store credit, and whether or not they are a power up rewards member.

Source: Joystiq

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Chris C
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