GameStop Corp. recently released its first quarter sales figures to the public, and it turns out they’ve more than doubled their net earnings over first quarter last year. Listed among their best selling items was Pokémon Diamond and Pearl. In addition, GameStop was added to the Fortune 500 list during the quarter.
“Our first quarter results were driven by the strong growth of next generation hardware despite both Nintendo products, the Wii and DS Lite, being in short supply throughout the quarter. Our business is benefiting from unmatched platform expansion. For much of the quarter, seven different platforms were represented among our top 25 best sellers. Not only was this unprecedented, but there is every indication that the Wii and DS Lite titles are attracting a new audience of gamers, while the allure of genre breakthrough titles like Guitar Hero II are expanding the audience for video game product.”
– R. Richard Fontaine, GameStop’s Chairman and Chief Executive Officer
