GameStop's digital sales increase due to Destiny: The Taken King
Video game retailer GameStop has released their sales figures for Q3 2015, filled with its fair share of ups and downs for the company.Total global sales for GameStop fell 3.6 percent to $2 billion while profit dropped to $55.9 million. The same period last year saw profit at $56.4 million.
Video game retailer GameStop has released their sales figures for Q3 2015, filled with its fair share of ups and downs for the company.
Total global sales for GameStop fell 3.6 percent to $2 billion while profit dropped to $55.9 million. The same period last year saw profit at $56.4 million.
While preowned sales rose by .6 percent, new hardware sales dropped by 20.4 percent and new software sales also dropped by 9.3 percent. GameStop claims this same quarter in the previous year contained many popular games such as Destiny and Super Smash Bros. for 3DS.
However, of all the divisions, digital sales for the company saw the greatest increase with an 8.7 percent rise to $228.6 million. GameStop reported that Destiny: The Taken King led the way for this large increase of sales.
“Our third quarter results were at the low end of our guidance range due to lower-than-expected new software and hardware sales and delays in Technology Brands store openings,” GameStop CEO Paul Raines said in a statement. “However, our expectations for the full year have not changed. Looking ahead to the fourth quarter, a solid slate of new video games, coupled with contributions from our diversified AT&T, Apple, and ThinkGeek businesses and our in-store collectibles offerings are expected to drive our fourth quarter results.”