Rising Game Sales Reveal Trends?

Posted by simoniker on Monday August 18, 2003 @11:57AM from the bling-bling-name-of-game dept.

Thanks to Smartmoney.com for their report into GameStop's second-quarter financial results, which revealed "a 31% surge in videogame software sales", although a drop from last year's hardware-discounted highs, and "better-than-expected performance in stores." According to the report, "...the company said videogame-software sales were 'very strong' for the quarter, with leading titles such as 'Enter The Matrix' from Atari Inc., 'NBA Street: Volume 2' and 'NCAA Football 2004' from Electronic Arts Inc. and 'Star Wars: Knights of the Old Republic' from LucasArts." Most interestingly, GameStop indicated they're expecting "...further hardware price reductions 'or similar promotional activities' during the third quarter", a move that may include the rumored $99 GameCube price drop which IGN Cube are confidently predicting for the end of September.

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Re:Strange.... by simoniker · 2003-08-18 14:30 · Score: 3, Informative

I think it depends how you spin it - sales are up from the previous quarter, but slightly down from the same quarter the previous year. That can be read as either bad, or good, depending on whether you're Reuters looking for a good angle or GameStop looking to hype financial results.