November 21, 2009 | by Mohammed Al-Sahaf

GameStop Makes $52 Million in Profits

Image courtesy of Scrape T.V.

Remember Modern Warfare 2? That Infinity-Ward shooter that people seem to be enjoying? Well GameStop certainly remembers it. They recently announced their Q3 revenues to be $1.83 billion (up 8.2% from the same period last year).

Net income, however, is up 11.8% (hitting $52.2 million) mostly due to a 19.4% rise in the sales of used-products. GameStop stated that MW2 has had the biggest launch of the company’s history, selling 2.5 million units in 72 hours. The hit title and latest installment of the Call of Duty has also broken the record for GameStop’s most pre-ordered game and achieved $550 million in sales during the opening week (GTA4 had $500 million).

Do you use Gamestop for your gaming needs?

Source: GameStop

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Tags: Call of Duty, DS, Modern Warfare 2, PC, PS2, PS3, PSP, Wii, Xbox 360

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Echo

gamestop is useful but they're pretty sketch in their pricing and handling of used games

i hate their exclusives on pre-orders, its unfair

Alex Sebenski

EB games is Gamestop in Canada. Where do you buy your games, canucklehead? Blockbuster?

EB games has the right feel and focus. Most of the time they're true gamers that know everything about everything and can help you when you ask. Other times... not so much. But it's better than BestBuy, Futureshop or a video rental store, where they know absolutely squat most of the time.