GameStop holiday sales down 4.6 percent to... $2.88 billion
GameStop sales dropped to $2.88 billion for the nine-week holiday period concluding December 29, 2012, a 4.6 percent decrease from the record-breakers the past three years.
"As a result, GameStop expects its fourth quarter 2012 earnings per share results to be at the low end of its current guidance range. Our strong market share positions us well for the future, and we look forward to new product launches in 2013," said CEO Paul Raines, glaring at Microsoft and Sony to get on with it.
Overall, hardware and software sales were down during the period, with pre-owned games taking at 15.6 percent dip. The company did mention it sold 320,000 Wii U units worldwide. The good news for the company is that its digital conversion seems to be moving along smoothly, with digital receipts up 40 percent and global e-commerce sales up 20.5 percent from the holiday period last year. Fight the future!
