Drop in Hardware Sales Reported by GameStop; Rumors and Announcements of New Consoles Impacted Sales

on August 25, 2016 5:48 PM

GameStop reported today its financial results for second quarter of fiscal year 2016, announcing a significant drop of new hardware sales at the retailer year on year.

The decrease in new hardware sales was 33.4%, while new software dropped 18.2%.

New software sales for PS4 and Xbox One (combined) dropped by 11.6%, while pre-owned software sales for the same consoles rose by 32%. New and pre-owned software sales for PS3 and Xbox 360 dropped by 74% and 39% respectively.

Interestingly, we learn from Chief Financial Officer Robert Lloyd that rumors and announcements of new consoles around E3 also impacted hardware sales negatively.

“We saw a noticeable drop-off in hardware sales after announcements or rumors of console refreshes leading into and during E3”

 /  Executive News Editor
Hailing from sunny (not as much as people think) Italy and long standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality) and MMORPGs are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans of the flight simulator genre on Earth.