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J Paul Raines

GameStop posts quarterly decline, shrugs off Microsoft’s evasive stance on used games

GameStop has reported its quarterly results for the period ending May 4, with total revenues down 6.8% year-over-year to $1.87 billion, noting declines in both hardware sales and new software. Profits came in at $54.6 million, down 25% year-over-year.

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