Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 21 November 2007 11:33

GameStop braces for disappointing holiday season

Written by David Stellmack

Image

Stock tumbles after releasing the news


GameStop,
the largest video game retailer, forecast a disappointing profit outlook for this holiday season yesterday. While the company had strong third quarter results, it does expect to beat the sales numbers that it had for the fourth quarter last year, but it will fall short of the expectation of some analysts who were expecting higher numbers. Following the announcement, GameStop’s stock was down almost 10 percent.

GameStop did very well in the third quarter, primarily powered by such titles as Halo 3, Madden NFL 08, and Guitar Hero III, which all helped its net income rise to $52 million, or 31 cents a share, from $13.6 million, or 9 cents a share, a year ago. The numbers did beat Wall Street estimates of 23 cents per share for this quarter.

GameStop expects the holiday season to be difficult with all of the competition from retailers such as Best Buy and Wal-Mart applying maximum pressure. GameStop is the leading video game specialty retailer that has outlasted many of its rivals. GameStop continues to made headway in a difficult market space that continues to experience eroding profit margins, but the company continues to have a loyal following with gamers who purchase from GameStop exclusively.

Last modified on Wednesday, 21 November 2007 11:42

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments