Nintendo Switch, Xbox One X, And Call Of Duty: WW2 Help GameStop Have Strong Quarter

Nintendo Switch, Xbox One X, And Call Of Duty: WW2 Help GameStop Have Strong Quarter

6 years ago
Anonymous $ZOEEBQ1zf0

https://www.gamespot.com/articles/nintendo-switch-xbox-one-x-and-call-of-duty-ww2-he/1100-6455141/

Following the news that GameStop CEO Paul Raines had stepped aside due to the reoccurrence of a health issue, the video game store reported earnings for its third quarter ended October 28. Total sales rose 1.5 percent to $1.99 billion, while profit was $59.4 million, as compared to $50.8 million during the same period last year.

Hardware sales at GameStop for the quarter rose by 8.8 percent, driven by demand for the Nintendo Switch. Management said it expects demand to continue to outpace supply for the hybrid console this holiday, adding that it's working closely with Nintendo to get more units in stores. The Xbox One X launch was also a bright spot, GameStop said, noting that it sold through its "market-leading" allocation right away.