Pirates certainly aren't slowing down the gaming industry much, as popular American retailer GameStop saw their sales increase 33% last year, up to $7.1 billion. Their net income rose 46 percent as well, to 189.8 million, their net earnings were 288.3 million, up 82 percent, and revenue increased 24 percent from the prior year to USD 2.87 billion.

"2007 was a transformative year with hardware sales setting records and the installed base of users reaching an all-time high," said chairman and CEO R. Richard Fontaine.

GameStop has forecast Q1 earnings in the range of USD 0.32 - 0.33, with FY earnings in the USD 2.25 - 2.34 range, with FY revenue expected to grow 19 - 21 per cent.
| More
Register as a member to subscribe comments.
  • 0
    Jeterocks Mar 18, 08
    Great picture for this article I must say. It was the first thing I saw and I was like "wtf" then I read the first sentence of your summary and it all makes sense. Great job ;D
    • 0
      chautemoc* Mar 18, 08
      Heheh, thanks.
      I AM NOW FULFILLING THE CHARACTER LIMIT!!!
  • 1
    Sereph Mar 19, 08
    It doesn't help that pirating games is becoming more trouble than it's worth.

    However, a majority of Gamestop's sales are in used product as well.
  • 1
    Dance Floor Killah Mar 19, 08
    Now if only they could work on employees... a lot of assholes work around here.
  • 0
    Naruto Boy Mar 19, 08
    Lmfao @ the picture, pirates helping sell games? ....
    • -1
      Avalith Mar 19, 08
      Shh, don't tell anyone. Their secret will be ruined if you do.

      Nice picture, chautemoc. Is that Krunal after a bad hair day?
      • 0
        chautemoc* Mar 19, 08
        That was quite a zinger.
  • 0
    ShinyMilotic Mar 19, 08
    Lol at the pic.

    That is a pretty big increase.

This news story is archived and is closed to comments now.