Gamestop has posted the second-quarter fiscal report, revealing some positive news from the company. According to a report by Investors on Aug. 22, the retailer was able to beat expectations be generating $1.73 billion in sales, which was 144 percent more than the same period in 2013. However, GameStop may not be able to match the performance for the next quarter in 2014 when compared to same period last year due to the release of "GTA 5."
The latest installment of the "Grand Theft Auto" series achieved record-breaking sales in both the gaming and entertainment industries. Rockstar Games did confirm that "GTA 5" for PS4, Xbox One and PC is launching in the fall season of this year. However, the new ports are unlikely to be released in time for the end of Gamestop's third-quarter.
Fortunately for the company, the second-quarter has some surprises. "Mario Kart 8" and "Watch Dogs" sold better than expectations. The former was especially surprising considering that the arcade racing game was released on the struggling Wii U platform. However, the newest "Mario Kart" installment was able to gain some momentum due to strong word of mouth along with a "death stare" video featuring Luigi having gone viral.
GameStop also benefited greatly with the PS4 and Xbox One. The retailer managed to accumulate 50 percent of the overall software sales for the two next-generation systems that were released in late 2013. The PS4 system managed to outsell the Xbox One so far, forcing Microsoft to cut the price and release several value bundles earlier in the year.
The aforementioned "GTA 5" PS4, Xbox One and PC ports should also sell a lot of copies since a lot of consumers were waiting for the open-world action-adventure title to be ported over to more powerful platforms. The publisher has not yet provided an update on the release dates for the three versions, however, leaving some fans to speculate that the ports could be delayed. Find the first screen of the PS4, Xbox One and PC ports of "GTA 5" from the Rockstar Games Twitter page near the top of this article.