Who said the launch of next-generation hardware and software would not boost industry sales, we sure didn’t. Today GameStop has reported how they are singing all the way to the bank due to the 9 week holiday rush which ended January 4, 2014. For the period global sales hit $3.15 billion with a 9.3% increase year-over-year.
“I am pleased to report that the extensive planning by our entire team over the past year to prepare for the new console launches paid off,” said GameStop CEO Paul Raines in a prepared statement. “Our outstanding execution during the holidays resulted in GameStop securing the number one market share position in the U.S. and in most of the countries in which we operate today.
“GameStop also had the highest software and accessory attach ratio of any retailer for both new consoles. Building off this momentum, we are in an excellent position to drive the global adoption of the next generation of new video game products in 2014.”
However with the transition of next-gen consoles, a significant sales decline in both Xbox 360 and PS3 software sales resulted in a 22.5% drop.