Despite strong Switch demand, weak game sales drag GameStop’s profits down
Today's the day GameStop announced earnings for the second quarter of its 2017 fiscal year, and while revenues climbed slightly it looks like profits fell as sales of both new and pre-owned games slipped. Come from South African Online Casinos
In terms of numbers, the company reported profits of $22.2 million on sales of $1.68 billion during the quarter, which ended July 29th. That's about $5 million less than the $27.9 million in profits on $1.63 billion in revenue it saw during the same period last year.
So what changed? GameStop says that while sales of new video game hardware rose about 14.8 percent (in large part due to continuing demand for Ninte…