GameStop posts 10.7% decline in sales despite growth in digital and mobile sectors

By Stephany Nunneley, Thursday, 22 August 2013 14:44 GMT

GameStop has reported its Q2 2013 financials, posting a 10.7% decline in both global and “like-for-like” sales of $1.38 billion compared to $1.55 billion the prior year.

According to the firm’s report, mobile sales grew 121.4% to $55.1 million, and digital grew 17.9% to $158 million.

New software sales were down by 9.3% and new hardware sales were down by 19.4% The firm’s pre-owned sector also fell 6%.

“Through two quarters, the year has played out as expected,” CEO Paul Raines said in a prepared statement. “During this console transition period, our financial results have been supported by the continued growth of our emerging businesses.

“Of course, excitement continues to build for the upcoming new games and the launch of the PS4 and Xbox One. As the global gaming leader, GameStop is uniquely positioned to capitalize on the new, innovative products coming to market.”

Thanks, MCV.

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