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GameStop profits are 50% pre-owned

Further stapling the value of the used market to retailers

The sale of pre-owned video games have accounted for almost half of GameStop's profits in recent months.

Financial results for the three months ending October 30 for the retailer confirm that 47.4 percent of all its profits were picked up through the used games market from customers looking to snag a cheap deal on their games.

Pre-owned was worth $528.m to the firm, with a profit of $250.2m. In comparison, profits from new game sales reached $182.4m (21.7 percent), while hardware hit $21.7 (7.9 percent). Clearly, used sales are going nowhere despite game publishers' efforts.

UK supermarket chain recently said publishers "understand" the importance of pre-owned sales to retailers.

[ SOURCE: MCV ]

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