GameStop rakes in $7.1B in '07

Good for them. I hate preorders! I buy newly released games elsewhere. But I do buy used games from Gamestop.

I love it when I get the cash or trade in value and then see my game for sale at twice or even three times the price. F gamestop and their bundle BS too !

Hey guys, I work for a gamestop. Some of you know what ur tlking about. But some of you do not. First of all, for those of you who think gamesop is run by the owners, it is not. It is run by corporate. Also the trade in values. Although they may seem bad, they are reasonable. Think of it as a used car dealership your obviously going to get less and then we sell it for more. It's how we make our money! It's called business. Now i agree Gamestop has issues with giving jobs. The best thing to do, if you want a job, is to get to know people there (especially the manager). Let him know your name. Then after a few months of just dropping in for a purchase and just saying hi. Boom! the job will be yours. That's how I got it, and i love it there. Also, No playing games on the job Trust Me! its not allowed youmay think it is but its not! Have a good Day Guys

Here's the problem. I myself complained about Gamestop's terrible trade-in value policy and high-priced used game sales. You know what I did to show I hated it? Stopped buying from them. I don't trade games in there EVER. I don't buy used games from them unless it is an older game and $20 or less. I don't believe in this "let's sell a new game for $55" stuff. However, it's not Gamestop's fault, it's YOUR fault, the consumer. If people wouldn't bring a brand new game in a week later, accept $30 or less for it and if people wouldn't buy a used game for $55, Gamestop wouldn't be able to continue this way. However, people are doing just this and this is why Gamestop has such a high profit, even in a recession.

And this i why i excercized my stock option this year

"Console sales were also a big factor in GameStop's banner 2007 fiscal year." Ya, forcing people to buy their ridiculous bundles or they can't have a launch console. Hate 'em.

This is awesome. Gamespot's just amazing nowadays.

I'm actually happy for Gamestop. I've never really had an issue with them. Well except they didn't hire me. =P But that's neither here nor there. I shop there constantly. Mostly because they are conveniently located to where I work. The employees are friendly and knowledgeable (Unlike the people at Fry's Electronics to whom I once went into their computer department looking for a computer that they advertised with a Blu Ray HD combo drive and when I showed the ad to the person, which said "BD/HD DVD Combo drive" his response was "O.o Blu Ray? Is that what BD means?" and he proceeded to go ask about 10 other people while I just stood there shaking my head) and the selection is fantastic. Prices are.... well standard. I don't buy used games. But I will agree with the general consensus. They give you basically pocket change for trade in games. UNLESS you go in with a coupon.

Ok. To all the Halo fanboys here, they were talking specifically about the holiday quarter. Halo had already been out for half a month, so the big 'burst' of sales was over. But the games that came out during the last quarter, the sales would include that burst of sales when a game is released.

I never had any problems with Gamestop except the fact that they barely give you any money for used games.

Good for gamestop. I personally like Disc Replay more but it is farther from my house. They might not give you that good of prices for trade in values and they don't reduce their prices enough or fast enough, but they sell used video games and I mostly buy used. And if you wait you can get games for cheap and take advantage of coupons or trade in deals.

7 billion? wow that's a lot of games!

this is the number one reason why i use gamefly for all my needs for 40 bucks a month i can play 4 games at any given time and if i wish to purchase it i usually save anywhere from 15 -30 bucks off retail for a game if i want it for my libary. now that is how to buy a used game at least 25-50 percent off retail... well worth the price of admission each month...

Bob56600 Good question seeing as halo3 was the best selling game next to cod4 stange no metion of that....

I want to know where they are going to put 600 more stores. After taking over EB there is already a flood of them. The Century 3 mall right outside of Pittsburgh has two gamestops in it for crying out loud. The town where I went to college has two gamestops less than mile away from each other. Gamestop = the Starbucks of video games. @nappan What antitrust violations are they guilty of? The last time I checked Walmart, K-mart, Target, Fry's, Gamecrazy, Blockbuster, etc etc still sell video games...

wow wheres Halo 3. Halo 3 was one of the biggest hits

No credit to Halo 3? A game that made half a BLN dollars to date?

Stole a game from Walmart? Need a place to dump it? Try GameStop! Thanks, GameStop, for gutting games & thus voiding your own warranty. Also, thanks for putting a big knife-slash through the cover of a new game that I just HAD to have that day (COD4 PS3).

@artson You speak the truth Gamestop is a ******* ripoff! They have the NERVE to charge 55 dollars for a used copy of a game, but only give you 12 bucks trade in credit. **** THEM! DOWN WITH GAMESTOP!

What they don't credit Halo 3 with any of this stuff?

What a testament to Gamestop's relentless gouging of the consumer, shameless pandering to marketing interests, and of course patently insane antitrust violations. *sigh*

If you want an alternative for your trade-ins, try playntrade.com - franchises are opening up all over the country. They give you credit according to amazon.com prices and most of their stuff are complete. I got $35 credit for my mint/complete Zelda 64 Ocarina Collector's. That's more than I can say for eBay. The stores are actually run by the owners (not corporate) so if you have a problem, they are one same area code phone call away.

great #'s

3.2 Billion is from over priced used games and from ripping off young kids from thier hard earned allownce monies and used games that they paid 50 - 60 bucks for and then giving them 18 to 25 bucks back after they finished the game to resell them for a discount of 5 bucks of new retail to us fools trying to save a buck........Gamestop is the second Microsoft of this generation.....

They should drop every thing buy %50 for like 2 days....... Do they really need this much money???? MalachiLiu yea right... lol..... that is more than $70,000,000.

So Gamestop is becoming the Walmart of video game stores.

This is PROOF that games are overpriced. I demand justice!

Gamestop is such a double-edged sword. They're great in the aspect that they carry a great selection of old/used games and they consistently get games on the actual release date, faster than retailers. However, gamers trading in games usually get shafted with low-ball trade-in value while they sell the game for a pricey $55 thereafter. I personally prefer Circuit City for new games as I have a Gamer Saver's Card that gives me 10% off and I prefer used games from my local Disc Replay that charges $45 or less for used games.

i hear that gamecrazy gives more money for trade ins but i have cards for bothe places

can i have like 0.01% of that?

my only problem with gamestop has been that i've bought a used game that wouldn't even load up which proves to me they hardly check to see if brought in games work, and that the release date they show online is just the shipping date and not the actual day that a game is in the store.

Power to the Shareholders....I mean uh players, yeah...they totally care about you.

@ChiefFreeman: They're already here. Tesco has started opening chains of pharmacies and convienience stores on the west coast...the big hypermarts should start opening around 2010.

And the employees in the stores still get minimum wage.

Wooo Hooo finally they might be able to get games on the actual release date!!!!!

to Gamerchikrpg- you are so right, thats why i stopped buying from them. Now i have gamefly and if its a game i really like i just buy if off the site. I suggest Gamefly to anyone.

Love them or hate them, Gamestop has really capitalized on an exploding industry by having a great business plan. While I don't personally shop there (I either buy new things at Best Buy or older stuff online), the fact that they can increase their stock by another 600 stores is incredible. I do wonder how long this industry boom will continue because these things are generally cyclical and eventually the casual players are going to get bored and move on, but I digress of course.

Dang, that's crazy. I guess pushing used games onto people is working out for 'em...

Tesco is a gigantic wholesaler in Britian and Europe. I'd like to see them come to the States.

That is a lot of money, and to be honest, they deserve it. There really isn't any other competition for "biggest specialty retailer of games," however.

what the hell is tesco

Get ready, here come all the Gamestop bashers... I can hear it now "they SUCK, they ask you to pre-order, they rip you off" blah blah blah.... why is it that all the successful compaines get the hate?

Wow. That is HUGE profit. Or is that just gross sales?

Simple process: game deveolpers make lots of good games = happy consumers = happy retailers = happy stockholders = happy game developers. It's nice when everything works out so well.

Surprise..surprise. I'm hoping that somehow there will be competition for Gamestop. It's pretty obvious it's a huge profit maker. And yes, Gamestop DOES rip people off. HUGE.

yeah they make money off of new releases; but, truth be told, they make the lions share of their money in the secondary market. everybody knows that. gamestop/eb sells used games at 3 times the price they buy them from gamers. at those margins they should never have a bad year.

i just wonder how long it'll be before tesco take over the game market

Congratulations!

thats a lot of money can i borrow a million? jk