Love them or hate them, GameStop had a fantastic 2007. Over the past nine weeks, ending Jan. 5, GameStop has sold $2.3 billion. That’s a 34.7% increase from last years holiday season.
What caused such a gigantic growth in sales? According to GameStop chairman and CEO Richard Fontaine: “[GameStop] was particularly pleased with record holiday handheld sell-outs of the Nintendo DS and the Sony PSP. The Nintendo Wii, even in the face of on-going seasonal shortages, Microsoft’s Xbox 360 and Sony’s PlayStation 3, proved to be on many holiday wish lists as new console sales were very strong.”
The top five games sold were Guitar Hero III, Call of Duty 4, Assassin’s Creed, Rock Band and Super Mario Galaxy.
The moment I get some real money, I will definitely be investing in GameStop.
