GameStop reports record sales of $1.9 billion for Q1

By Stephany Nunneley
21 May 2009 17:56 GMT


GameStop has reported record earnings during Q1 of 2009, ending May 2.

Sales increased 9.2 percent to $1.98 billion, while net earnings rose 13.4 percent to $70.4 million.

The company claims the robust sales of DSi, Resident Evil 5, and Street Fighter IV along with used games sales being up 31.9 percent contributed to the overall figures.

Despite the nice numbers, the sale of new games dropped 2.8 percent and the company expects to see a decline for store sales ranging from 8 to 11 percent due to sluggish hardware sales.

More over on Edge.

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