Retail giant GameStop reported that while current console sales exceeded expectations by nearly $700 million USD for the year, sales of last gen consoles declined faster than expected. It also said that sales in the console category fell short of industry expectations.
The company reported that sales of new consoles, including Xbox One, PS4, and Wii U, were forecasted to reach $3.8 billion for the company, but the actual number came in at $4.5 billion.
Technology brands was another bright spot for the company, with a fivefold increase over the year prior, from $62 million to $329 million in 2014.
In a supplementary presentation for investors, GameStop said the decline in last-gen console sales was greater than expected, but the faster adoption of the new consoles offset the drop-off.
from IGN News http://ift.tt/1IBbRcO
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