GameStop: 50 percent of profit comes from pre-owned
GameStop is having a great year this year so far. They've broken records, with year-over-year numbers up nine percent over last year -- that's $1.9 billion for the three months ending in October.
Much of their profit is coming from the sale of pre-owned games. Used stuff accounts for 47.4 percent of their profits for the same time period. According to MCV, used games sales brought in a profit of about $250 million, while new games followed with profit of a bit over $182 million.
It may just be me, but I only find myself going to GameStop for new games. Granted, I'll trade in a lot of used stuff, but I've hardly ever bought used. From the looks of these numbers, I guess I'm an isolated case. Setup email comments
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