GAME Profits Up - PlayStation 3 Already Big Contributor
GAME reports record results
UK specialist retailer, GAME, has announced operating profits of £6.1 million for the financial year ending January 31st 2007, three times last year’s figures.
Overall sales were up from £645.1m in 2006 to £801.3, while like-for-like sales rocketed to £16.2m, up significantly from £4.2m last year. Online, profits more than doubled, rising from £0.7m in 2006 to £1.5m this year. 'Like-for-like' figures represent sales from stores that have been open for more than two years.
Speaking about expectations for the forthcoming year, GAME chairman Peter Lewis, a happy man today no doubt, commented:
"We have seen a strong start to the year, in what is traditionally a quiet sales period for GAME, thanks to the PS3 launch and hope to continue to build on our success throughout the year."
We have contacted GameStation, HMV and Virgin for their figures - and we've been promised responses by 5pm this afternoon.
(Source:MCV)
Overall sales were up from £645.1m in 2006 to £801.3, while like-for-like sales rocketed to £16.2m, up significantly from £4.2m last year. Online, profits more than doubled, rising from £0.7m in 2006 to £1.5m this year. 'Like-for-like' figures represent sales from stores that have been open for more than two years.
Speaking about expectations for the forthcoming year, GAME chairman Peter Lewis, a happy man today no doubt, commented:
"We have seen a strong start to the year, in what is traditionally a quiet sales period for GAME, thanks to the PS3 launch and hope to continue to build on our success throughout the year."
We have contacted GameStation, HMV and Virgin for their figures - and we've been promised responses by 5pm this afternoon.
(Source:MCV)
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Comments
JK 25 Apr 2007 12:26
1/10
I love stories about profits and figures, It makes me feel alive!
Nod Nolan 25 Apr 2007 12:38
2/10
He's very selective in his reasons for a solid start to the year...
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
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tyrion 25 Apr 2007 12:56
3/10
Nod Nolan wrote:
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
High demand without sales is useless. There is huge demand for flying cars, but I don't think one has been sold, ever.
TimSpong 25 Apr 2007 12:57
4/10
Nod Nolan wrote:
He's very selective in his reasons for a solid start to the year...
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
Mmmmm... so why do you think he's being so selective? What's the underlying conspiracy here? Does Sony own GAME but hasn't told anybody? What do you know!?
DoctorDee 25 Apr 2007 13:57
5/10
tyrion wrote:
There is huge demand for flying cars, but I don't think one has been sold, ever.
Hmmm. I think it depends on your definition of sold. If we accept that the sale takes place when the contract to tender is accepted and a deposit is placed, then Moller has sold several of their Skycar M400. None have yet been delivered though...
You can buy one here.
OptimusP 25 Apr 2007 16:12
6/10
It also helps being the most expensive console of the three the jack up revenue.
Now where is my flying car with cookie baking oven damnit!
Now where is my flying car with cookie baking oven damnit!
Nod Nolan 26 Apr 2007 13:44
7/10
tyrion wrote:
Nod Nolan wrote:
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
High demand without sales is useless. There is huge demand for flying cars, but I don't think one has been sold, ever.
yet the Wii outsold the PS3 in the PS3's third week of release in the UK, so I don't see how "flying cars" are at all relevant.
OptimusP 26 Apr 2007 13:53
8/10
Flying cars are always relevant...a lot of people would get their Wii's a lot faster if the supply of flying cars kept up with the demand.
Nod Nolan 26 Apr 2007 13:58
9/10
Tim Smith wrote:
Nod Nolan wrote:
He's very selective in his reasons for a solid start to the year...
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
I would've thought consistent high demand for the Wii, would have also contributed to the successful start....
Mmmmm... so why do you think he's being so selective? What's the underlying conspiracy here? Does Sony own GAME but hasn't told anybody? What do you know!?
the only reason I can think of is if they've got an over-supply of the PS3 console, and has to have Sony's playstation brandname mentioned in the business pages of the newspapers against the "Game" name in an effort to increase sales.
Joan31Km 6 Jan 2010 17:48
10/10
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[6 Jan 2010, 18:43: Message edited by 'tyrion']
No spam please, we're British.
[6 Jan 2010, 18:43: Message edited by 'tyrion']
No spam please, we're British.