J Paul Raines
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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Microsoft’s next console does some “really cool stuff”, according to GameStop executive J Paul Raines.
GameStop CEO Paul Raines has said the lull in sales of packages products is just par for the course due to an extended console cycle.
Speaking at DICE today, Gamestop CEO J Paul Raines claimed that secondhand sales don’t impact the success of new games.“Do used game sales hurt new game sales?” he asked. “No.”Raines said that only 4 percent of GameStop’s used game sales are for titles that debuted in the last 60 days.The retailer’s surveys of 2,000 gamers […]
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