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GameStop increased holiday sales by 9.3 percent in 2013 due to Xbox One, PS4

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GameStop certainly had a happy holiday season –– if not for the sanity of the retailers managers everywhere at least financially –– to the tune of $3.15 billion in sales due in large part to the launch of both the Xbox One and PlayStation 4, according to a report today from GameSpot.

The Microsoft and Sony next-gen consoles shot up GameStop’s sales by 9.3 percent compared to the same time period –– Thanksgiving until the end of the year –– in 2012.

Unsurprisingly, the retailer’s hardware sales increased by 99.8 percent year-on-year because of the Xbox One and PS4, though its software sales did take a significant dip.

“New software sales came in below our expectations," said chief financial officer Rob Lloyd in a statement.

PS3 and Xbox 360 games dropped by 22.5 percent compared to 2012.

The figures come a week after Sony put a scare into GameStop investors with its new cloud-streaming game service PlayStation Now, which caused share valves in the retail chain to sink within minutes of its introduction.

You can read that full Examiner report by clicking here.


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