GameStop enjoyed sales of $1.9B in Q3; Kinect, Move in 'very short supply'

by Alexander Sliwinski on Nov 19th 2010 1:00AM

GameStop's money bin kept on filling up in the third quarter of its fiscal year, with the company reporting $1.9 billion in sales, up 3.5 percent from the same period last year. The company saw a profit of $54.7 million, up 4.8 percent from the $52.2 million from Q3 of last year.

The top five selling games for the retailer during the period, ending October 30, 2010, were Halo: Reach, Madden NFL 2011, Fallout: New Vegas, NBA 2K11 and Medal of Honor.

Gamasutra reports that during an investor call earlier today, company president Tony Bartel noted there is strong demand for both Sony's Move and Microsoft's Kinect. The company is "excited" to see that the peripherals are currently in "very short supply" and that they are bringing in an "expanded audience." Company execs believe the two items are comparable to the Wii in terms of bringing a different set of customers to stores.

Source: Gamestop, Gamasutra

Tags: business, earnings, financials, fy-2010, GameStop, microsoft, playstation, ps3, q3, q3-2010, xbox

Reader Comments (53)

Dang... I kinda wanted to see the Kinect fail hard. :| guess my predictions were off.

@ovoon everyones predictions were

@ovoon While we're at it, why don't we just pray for another video game industry crash? I think our entire hobby being ruined sounds like a good idea, for no explicable reason.

@(Unverified) Whats Microsoft got to lose? They rip people off already.

@darkinchworm
There's going to be one soon. Way too much shovel ware (both of the casual and hardcore kind) out there.

@The Aquacharger

No, there isn't. The advent of the Wii averted the crash. The Move and Kinect makes sure it stays averted. Hardcore gamers are morons. That is all.

@A Sandwich
Eh, by crash I more so meant just rapid firing of devs. As the copy paste method seems to work great, for now.
And you're perhaps the smartest sandwhich I've ever met.

@A Sandwich - Why anyone wants to condemn well thought out innovation in the industry we love is beyond me. The plain old dual analog control the dinosaurs want to hang onto in exclusion of all other control methods will never disappear. They're good. Solid. Not going anywhere. You can argue about the implementation, sure, but touch screen/motion controls brought about by Nintendo in both the hand-held and console market have been an incredible benefit to the industry. I've never had more fun with some of the titles those both have brought to us.

In closing, the basic point is while I'm not too pumped about Kinect., Dance Central looks like a lot of fun. There is a great future to be had with the way control methods are evolving. I've really jumped on the soap box I guess, and I have no idea what my comment count is anymore, but I really, really tire, and lose interest in commenting here when I see the same lifeless tool comment a million times on this website every single day.

@The Aquacharger

Yeah, because an overabundance of shitty novels and movies have sure ruined THOSE mediums.

Videogames aren't a tiny niche anymore. The industry isn't the pathetic footnote it was back in the Atari days. It's not going anywhere.

My Kinect get's here tomorrow. Hurrah!

@thinkthis
Dammit.

I should've bought the Move when Gamestop had that $15 off deal.
At this rate, there won't be another sale.

Congrats, Gamestop.

Very well deserved, indeed.

Though nowadays, I no longer frequent your stores, since you fired the manager that I had spent years building a rapport with, who supplied me with endless amounts of nifty swag and special treatment, and replaced him with a wanna-be gaming girl with a massive chest and the personality of a deflated soccer ball.

The trade off was not worth it.

/coolstorybro

@Ezio Auditore da Firenze
She fat?

@The Aquacharger

Nope. Just top heavy.

@Ezio Auditore da Firenze
Tempted to say "pics" but then, I'm afraid of the outcome.

@Ezio Auditore da Firenze
Also my local comic book store did the same thing. Replaced all the cool guys with a bunch of chicks. Who try to show off their "bust" but, let's face it, the guys who go in there have more bust then them.

@Ezio Auditore da Firenze I'd build a rapport with her.

@The Aquacharger

Your comment made me laugh. Congrats.

@sonicspike41
Which?

@The Aquacharger

"chicks who try to show off their "bust" but, let's face it, the guys who go in there have more bust than them. "

That line alone made me laugh. I mean just imagine some like 300 pound guy going into a comic book store mad that they replaced it with hot chicks who aren't uber-nerds.

Guy: "Sho do you have any 20 shided die?"
Girl: "I'm not sure, but we've got plenty of these awesome Ironman action figures in! They're only $49.99 for a limited time!"
Guy: "I don't want your almosht-used Ironman comicsh or toysh, I jusht want shome 20 shided die! Thish wouldn't be a problem if Melvin shtill worked here!"

@The Aquacharger
That's sad x_X

@sonicspike41
Yeah, basically is what happens. Except here the 13-17 year olds play 3.5 and up, for D&D, and the older crowd plays WH Fantasy and 40k. I go for WH40k but don't compete as I'm new to the game. Though, I'm 19. Most of the people there have been playing since Second Edition WH.

@Ezio Auditore da Firenze

"massive chest"! Where is this Gamestop you speak of? ;)

@Ezio Auditore da Firenze

It has become "hiring policy" to hire women and minorities first.

@Ezio Auditore da Firenze I only visit GameStop when I'm in a mood to buy game that is sold as new without shrink wrap.

@The Aquacharger I must say I was very sad to be let go. I will forever roue the day women with bigger breasts than I took control of my store! Curses upon boobies!

@Comic Book Guy Your comment suits your username/avatar so, so well.

@Ezio Auditore da Firenze I have a couple of man-haters at the one I frequent. The staff ten years ago at EB was incredible at the one I go to. Obviously it would be sad if they were still there, but man, it would be great for me. From the manager to the employees, they ran that place like a true gamers heaven. Now it might as well be a Starbucks, that just happens to sell video games. "I'll have the Grande Fallout: New Vegas Mocha Latte with DLC drizzle."

@Comic Book Guy

Fat? I am not fat... My chest has slipped a bit.

@ben linus Cool story bro

would be nice if they hirde some form of security , seing as how their stored where being terrorized for a while and some costumer was killed because of it.

@DavidApril
What?

@The Aquacharger
man, all these repeats tell me that Joystiq shouldn't stayed in beta.

Gamestop - ugh.

Anyway, I don't understand the shortage thing. I own a Kinect and I'm enjoying it quite a bit, but every time I pop in Best Buy (any New York City location), they have huge stacks of Kinect. I've been to Best Buy about 6 times in the last two weeks and they're always stocked.

@JCat Gamestop isn't in the new hardware business they are a gaming pawn shop.

They have a shortage because they don't order them.

Maybe I should invest in video games instead of comic books....

Dammit.

I should've bought the Move when Gamestop had that $15 off deal.
At this rate, it won't be on sale.

@ben linus

...Every fuxxing time.

I understand that there's overheads and the publisher's cut involved in the sale of games (amongst other things), but is it just me that finds $1.9 billion sales translating into only $54.7 million of profit mad?

@Manifest37 lol i thought i saw his BS before

I still liked them better when they were FuncoLand.

All these comments and not one about Scrooge McDuck's money bin? Is everyone in here too young or something.

@Ellimem Joystiq has used the same graphic for a long time.

@Jack Kevorkian And it annoys me every time... come on guys, PERSPECTIVE! The GameStop logo isn't even aligned correctly with the orientation of the building...

your telling me when they pay you $10 for a month old game and sell it for $50 they only turn a $54million profit?

THE FACK?

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GameStop enjoyed sales of $1.9B in Q3; Kinect, Move in 'very short supply'

Reader Comments (53)

Posted: Nov 19th 2010 1:04AM ovoon said

Posted: Nov 19th 2010 1:11AM Gritzor said

Posted: Nov 19th 2010 1:15AM darkinchworm said

Posted: Nov 19th 2010 1:16AM ovoon said

Posted: Nov 19th 2010 1:20AM The Aquacharger said

Posted: Nov 19th 2010 1:24AM A Sandwich said

Posted: Nov 19th 2010 1:28AM The Aquacharger said

Posted: Nov 19th 2010 2:01AM MarkezJM said

Posted: Nov 19th 2010 3:44AM Invigilator said

Posted: Nov 19th 2010 1:11AM thinkthis said

Posted: Nov 19th 2010 2:51AM Manifest37 said

Posted: Nov 19th 2010 1:11AM Ezio Auditore da Firenze said

Posted: Nov 19th 2010 1:20AM The Aquacharger said

Posted: Nov 19th 2010 1:24AM Ezio Auditore da Firenze said

Posted: Nov 19th 2010 1:34AM The Aquacharger said

Posted: Nov 19th 2010 1:32AM The Aquacharger said

Posted: Nov 19th 2010 1:33AM The Aquacharger said

Posted: Nov 19th 2010 1:36AM darkinchworm said

Posted: Nov 19th 2010 1:36AM sonicspike41 said

Posted: Nov 19th 2010 1:42AM The Aquacharger said

Posted: Nov 19th 2010 1:40AM The Aquacharger said

Posted: Nov 19th 2010 1:48AM sonicspike41 said

Posted: Nov 19th 2010 1:48AM NoirR said

Posted: Nov 19th 2010 1:59AM The Aquacharger said

Posted: Nov 19th 2010 2:15AM the Peacemaker said

Posted: Nov 19th 2010 2:14AM the Peacemaker said

Posted: Nov 19th 2010 2:19AM ecco6t9 said

Posted: Nov 19th 2010 2:20AM JCat said

Posted: Nov 19th 2010 2:24AM Comic Book Guy said

Posted: Nov 19th 2010 4:14AM Hank Hill said

Posted: Nov 19th 2010 2:42PM Milf Biggenson said

Posted: Nov 19th 2010 5:30PM Obelix the Gaul said

Posted: Nov 19th 2010 1:20AM ovoon said

Posted: Nov 19th 2010 1:43AM DavidApril said

Posted: Nov 19th 2010 1:47AM The Aquacharger said

Posted: Nov 19th 2010 1:48AM The Aquacharger said

Posted: Nov 19th 2010 2:52AM Manifest37 said

Posted: Nov 19th 2010 2:16AM JCat said

Posted: Nov 19th 2010 8:40AM Jack Kevorkian said

Posted: Nov 19th 2010 2:42AM Comic Book Guy said

Posted: Nov 19th 2010 2:44AM Comic Book Guy said

Posted: Nov 19th 2010 2:46AM Manifest37 said

Posted: Nov 19th 2010 2:56AM Manifest37 said

Posted: Nov 19th 2010 3:31AM Chris Smack said

Posted: Nov 19th 2010 3:28AM wocyob said

Posted: Nov 19th 2010 4:57AM Raffi256 said

Posted: Nov 19th 2010 7:16AM Ellimem said

Posted: Nov 19th 2010 8:41AM Jack Kevorkian said

Posted: Nov 19th 2010 9:37AM Warlock said

Posted: Nov 19th 2010 10:28AM 2000GT said

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