Based on GameStop's report, new software sales fell by 9.3 percent, while new hardware sales went down to 20.4 percent. GameStop said it might be because of the strong comparison to this same time in 2014, when big games like "Super Smash Bros" and "Destiny" were launched.
The pre-owned sales of GameStop increased by six percent, partly powered by sales of pre-owned Xbox One and PS4 games and hardware, not considering that in the effect of foreign exchange rates, it would be GameStop's positive growth in the seventh quarter, Game Spot reported.
In this quarter, the digital sales is another area of growth for GameStop. Sales in this division increased at 8.7 percent to $228.6 million. It is believed that "Destiny: The Taken King" has had a huge share in the success factor. GameStop's digital business went over $1 billion during the financial year.
"Our third quarter results were at the low end of our guidance range due to lower-than-expected new software and hardware sales and delays in Technology Brands store openings," GameStop's CEO, Paul Raines, announced in an official statement. "However, our expectations for the full year have not changed. Looking ahead to the fourth quarter, a solid slate of new video games, coupled with contributions from our diversified AT&T, Apple, and ThinkGeek businesses and our in-store collectibles offerings are expected to drive our fourth quarter results."
As for the non-gaming tech products like Spring Mobile, Cricket Wireless and Simply Mac, which gave through outcomes, and with profits increasing at 54.2 percent. Other departments of GameStop involve collectible products from Think Geek, which the company bought this year, went up to 60.8 percent. Collectible product sales are on the run to reach their objective of $300 million during the financial year, reported Game Espresso.
GameStop does an important part of its total yearly business during the holidays, which is now coming. Moreover, the sales of new releases this holiday season of which most companies do, GameStop's Black Friday deals start this week, Nov. 24. The date is the launching for its pre-Black Friday deals, while its Black Friday deals will start Nov. 27.
