Gamestop Sales Figures Released

Gamestop Sales Figures Released

Power to the pre-owned market

Written by The Splintercat on 20 November 10 at 01:04

It has long been known that video game retailers all over the World have a strong dependency on the pre-owned market. Gamestop, who have released their quarterly financial results, are no different. While the company has made $1.9 billion in sales, up 3.5 percent from the same period last year, its strong pre-owned sales figures can not be ignored.

Pre-owned sales of games and hardware accounted for 47.4% of the company's total profits. In dollar terms, that's $250.2 million in profit, which is a lot more than the company made from the sale of new games, which came to a total of $182.4 million.

It makes all the discussion of online passes and project ten dollar seem even more relevant. Looking at how important the sales of these items are to the profits of retailers like Gamestop, what would happen if pre-owned sales were removed from the industry?

The top five selling games during this period, ending October 30, 2010, were Halo: Reach, Madden NFL 2011, Fallout: New Vegas, NBA 2K11 and Medal of Honor. With the recent release of Kinect and, for the moment at least, a healthy pre-owned market, Gamestop will be expecting a Christmas to remember.
AuthorMessage
NastyMastaDaddy
1,187,151
NastyMastaDaddy - Streaming Whispering Willows with the Developers in chat at 10PM EST.  twitch.tv/xbox_alive
TrueAchievements Pro userAchievement Completion Percentage: 98.55% (Includes owned DLC) - 127 more achievements required to reach 99%619 posts
Last post: 08 Jul at 18:17
Posted on 20 November 10 at 01:06
Gamestop steals your money
N0RRl5
49,714
N0RRl5
49,714 TrueAchievement PointsAchievement Completion Percentage: 62.45% (Includes owned DLC) - 15 more achievements required to reach 63%432 posts
Last post: 28 Feb 14 at 03:41
Posted on 20 November 10 at 01:09
hopefully they have some buy 2 get 1 free coming up soon because boy will i take advantage of that!
rada rada rada
Posted on 20 November 10 at 01:14
NastyMastaDaddy said:Gamestop steals your moneyRiiiiiiiiiiiight. They're just a bunch of nazis.
the cake is a lie! the cake is a lie! the cake is a lie!
gamesover101
112,627
gamesover101 - Gotham City Imposters Free to Play on Steam
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Last post: 24 Jun 13 at 23:37
Posted on 20 November 10 at 01:19
NastyMastaDaddy said:Gamestop steals your moneyNot true they are a big box company that sells you games for reasonable prices.
Can't touch this
xFallenCastielx - The pain of being reset...
Registered on 16 June 2009 (Year 2 - beta)TrueAchievement Site Rank: 240,547 out of 274,0451,599 posts
Last post: 04 Mar 14 at 23:50
Posted on 20 November 10 at 01:20
My local Gamestops are great. They have helped me out everytime ive had a problem, even bending rules to help me... For instance, I tipped my 360 over while playing Dead Rising 2 the day after it came out, totally ruining the disc, and gamestop allowed me to by the disc protection for it retroactively and replaced it.
Kirvanasaurus - One more block, one more block, one more block, one more block, one more block,
65,963 TrueAchievement Points69 posts
Last post: 19 Nov 14 at 15:23
Posted on 20 November 10 at 01:23
NastyMastaDaddy said:Gamestop steals your moneyAll I know is I'm going to keep running what I can with their return policy. I hope I'm not the only one who's figures it out.
Adam " A BOMB " Kirvan
justinman114
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justinman114 - Wow I just noticed they added a little bit of animation when you request a scan.  Neat.
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Last post: 30 Jun at 03:43
Posted on 20 November 10 at 01:46
PlaysWSquirells said:NastyMastaDaddy said:Gamestop steals your moneyAll I know is I'm going to keep running what I can with their return policy. I hope I'm not the only one who's figures it out.ya dood. full refund within 7 days on pre-owned games. GAMESTOP RENTAL SERVICE!
sicsonic
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sicsonic - next game=???
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Last post: 21 Jun 14 at 01:38
Posted on 20 November 10 at 01:52
isn't gamestop becoming a monopoly? there's no other video game-specific retailers out there, and the only competition they have are electronic/supermarket stores (Best Buy, Wal-Mart, Target, etc.) which their video game sales don't even touch Gamestop's.

It's sickening. Please people, quit buying from Gamestop. You can get games in other places.
Sleepy Dogg 007
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Last post: 05 Jun at 03:34
Posted on 20 November 10 at 01:53
You spelled "Honor" wrong :P

and yes I fully agree about the GAMESTOP RENTAL SERVICE. :D
iceman00behave - Metal Geeeeeeeeeeeaaaaarrr
99,231 TrueAchievement Points640 posts
Last post: Yesterday at 04:06
Posted on 20 November 10 at 02:00
NastyMastaDaddy said:Gamestop steals your moneyGamestop gave me a total of $13 for two big name used games I had (I was using the money to pre-order ME2). They turned around and sold those games and made about 3x as much money as they gave me for them. That's the first and only time I've ever sold to them.

p.s. people buy in to pre-order bonuses from gamestop. I'm sure that plays a part in their new game sales.
Sleepy Dogg 007
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Last post: 05 Jun at 03:34
Posted on 20 November 10 at 02:00
connectmeplease said:My local Gamestops are great. They have helped me out everytime ive had a problem, even bending rules to help me... For instance, I tipped my 360 over while playing Dead Rising 2 the day after it came out, totally ruining the disc, and gamestop allowed me to by the disc protection for it retroactively and replaced it.I say you got suckered. Usally when that happens to me I buy a pre-owned version then go to a diffrent gamestop store the next day or 2 days later and return the broken version of the game and say "i got this as a gift and it didnt work" and I get my full money back. And a working copy. Power to the people! toast
Drummin003
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Drummin003 - Finally getting around to starting Thief.
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Last post: 29 May at 16:03
Posted on 20 November 10 at 02:03
sicsonic said:isn't gamestop becoming a monopoly? there's no other video game-specific retailers out there, and the only competition they have are electronic/supermarket stores (Best Buy, Wal-Mart, Target, etc.) which their video game sales don't even touch Gamestop's.

It's sickening. Please people, quit buying from Gamestop. You can get games in other places.
For one I refuse to buy anything from Wal-Mart. Secondly, why would I go to a store where the people that work there know hardly anything about games or their content, when I could go to Gamestop and get all the information I ever wanted? And yes, "honor" was definitely spelled wrong.
Posted on 20 November 10 at 02:05
My gamespot is really good, they always give me extra codes and discounts.
Burning Karma
210,851
Burning Karma - Is The Evil Within's Season Pass worth ~$13 or should I wait for it go lower?
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Last post: 22 Jul at 15:36
Posted on 20 November 10 at 02:05, Edited on 20 November 10 at 02:10 by Burning Karma
sicsonic said:It's sickening. Please people, quit buying from Gamestop. You can get games in other places.Give me a solid reason why I should stop shopping at GS. And no, the old arguments of "They rip you off on trade-ins!" or "Their new games aren't really new/aren't in shrink wrap!" won't work. They're both easily fixed by common sense.
dr octagon 3000
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Last post: 16 Dec 12 at 04:14
Posted on 20 November 10 at 02:24
FuncoLand 4 Life ... no wait i hated them too laugh
LV 1 Blue Slime - Oh shit, game series feature is a thing now.  Guess I need to get III and XI done so I have the FF clean sweep [compute]
296 solutionsRegistered on 10 May 2010 (Year 3 - gamma)6,432 posts
Last post: 29 Jul at 01:53
Posted on 20 November 10 at 02:29
dr octagon 3000 said:FuncoLand 4 Life ... no wait i hated them too laughFuncoland is Gamestop. EB games is Gamestop. They are all one big entity.
Lol Slime proves great points kindly in your face - Reborn
MAGNUS 7000
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MAGNUS 7000
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Last post: Today at 03:32
Posted on 20 November 10 at 02:40
Hey Everyone, Give me your game you just spent $60 on & I'll sell it to someone else for $45. Heres the catch. I'll give you about hmm..I dont know..$11. Sound fair?
CTDMUDRUNNER
203,771
CTDMUDRUNNER - FFXI Is truly Finished. What an amazing game really, never been so challeneged and rewarded in a game.
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Last post: 21 Jul at 23:15
Posted on 20 November 10 at 03:16
Check your local listings before running right to game stop!! I had over 20 games for sale some newer and marked all cheaper then gamestop listings and two months later no calls. Help you fellow gamers
MalcSeventyFour - Missing in Action
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Last post: 20 Nov 10 at 03:17
Posted on 20 November 10 at 03:17
MAGNUS 7000 said:Hey Everyone, Give me your game you just spent $60 on & I'll sell it to someone else for $45. Heres the catch. I'll give you about hmm..I dont know..$11. Sound fair?It obviously sounds fair to a lot of people. They just made $250.2 million dollars out of it.