Console gamers await the launch of Sony’s PlayStation 4 and Microsoft’s Xbox 720.
GameStop chief Paul Raines referred to 2012 as a “challenging year for console gaming” in a statement related to the new and used game retailer’s financial report for its fourth quarter and fiscal year ended February 2, 2013. Total global sales stayed flat at $3.56 billion compared to $3.58 billion in the same quarter a year ago, and consolidated comparable store sales decreased 4.6 percent. With new consoles on the horizon from Sony and Microsoft, GameStop expects sales to pick up by year’s end.
“We focused on factors within our control. We expanded our market leadership position, maintained our financial strength and controlled our spending,” Raines said in a statement. “Perhaps most importantly, we invested in our mobile and digital businesses to position the company for future success. These channels delivered as planned and significantly contributed to our highest ever gross margin and profitability.”
GameStop noted 60.3 percent growth in digital receipts, along with $100 million in mobile sales offsetting weakness in the company’s core business.
Looking ahead, Raines is confident GameStop will “return to growth with the launch of new game systems.” The company also expects a strong finish to 2013 with the release Grand Theft Auto V. Until then, however, the company anticipates gamers will be tighter with their wallets as they wait for next generation hardware to emerge.
More From MaximumPC
Why hasn’t this already been done? For first person shooters, real-time strategy titles, and most gaming genres outside of sports, using a mouse and keyboard trumps a console controller, hands down. I won’t debate this, but after reading about the Stinky Footboard, I am willing to concede that there’s room for a third wheel in what’s […]
Latest stable build features new tray popup UI San Francisco-based cloud storage company Dropbox on Tuesday updated its desktop client, transforming the hitherto bland tray menu into something much more pleasant and useful. Although this is the eighth time that the Dropbox desktop client has been updated this year, this latest build (version 2.0) is significant because […]
Original Post by Paul Lilly, Reposted Courtesy of Maximum PC – Covering everything from hi-end gaming PCs to tablets, peripherals and home theater rigs, Maximum PC’s print and Web editions stay one step ahead of the fast-changing world of everything computer and computing related. Whether its the latest on building your own desktop system, reviews of the latest laptops and accessories, orroundups of the games and software that make your machine go, Maximum PC brings it to you with news, reviews, and years of expertise. TechnoBuffalo is thrilled to bring you the best of Maximum PC right here on our own pages to keep you immersed in all things digital.