The lights are on
(Disclosure: GameStop is Game Informer’s parent company.)
During its fourth quarter earnings call, GameStop revealed that new-gen consoles are selling significantly better than the early months of the Xbox 360 and PlayStation 3 era. The retailer has moved more Xbox One and PlayStation 4 consoles in five months than it did in the first fifteen months of last generation.
GameStop also reiterated supply concerns regarding the PlayStation 4, which is selling even better than Sony anticipated. On the Microsoft side, Titanfall pre-orders were four times higher on the Xbox One than the Xbox 360.
Both platform holders have reason to celebrate, though. Every new-generation game has beaten expectations so far. GameStop quarterly sales were up in stores open at least a year by 7.8 percent, with corporate revenues up 3 percent. Overall earnings were down by 16 percent year-over-year, though.
Our TakePrior to the launch of the new consoles, there was some naysaying about the future of the segment. As of now, it seems that Microsoft and Sony’s living room business is healthy and growing once again. The next holiday season is arguably the most crucial though, and will set the course for the coming seven years or so.