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GameStop quarterly financials note sales decline in physical, 31.8% growth in digital

GameStop has reported a decline in physical sales in its latest quarterly financial release, but digital sale are on the up for the gaming retail giant.

Digital sales were up 31.8% year-over-year to $127 million. Tablets and pre-owned mobile phones sales came in at $43.2 million. The firm noted a decline in new and pre-owned software and hardware.

"Diligent operational efforts in a tough video game market as well as continued margin expansion of 200 basis points resulted in third quarter earnings exceeding expectations,” CEO Paul Raines stated.

“We are now focused on delivering a successful holiday quarter driven by great titles, an unrivaled loyalty program, exciting new businesses and the Wii U launch.”

Sales for the period fell 8.3% year-over-year, with global sales down 8.9% to $1.77 billion.

Thank, MCV.

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Stephany Nunneley-Jackson

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Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.

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