The video game industry is clearly taking no notice of the financial instability in the global economic climate. UK games retailer GAME, which now owns Gamestation, has reported a huge 86% increase in games sales year-on-year and pre-tax profits leaping from £29.5m to £75.5 million in the year to January 31st 2008.
GAME Group puts this down to the phenomenal popularity of the Nintendo Wii as well as the success of the Microsoft Xbox 360 and Sony PS3 consoles. Chairman, Peter Lewis, commented “The unprecedented range of popular products has broadened the demographic appeal to new customers of all generations.”
Damn, so gaming just isn’t all edgy and unique anymore? Cheers, Nintendo. Now I’m going to have to find a new hobby to champion. Think it’s too late to bring back VR?
Also bear in mind that in spite of these record sales and profits, the future only looks even brighter for the GAME Group. Just this week we’ve also seen the launch of Wii Fit and multiformat blockbuster Grand Theft Auto IV.
GAME Group (via The Times)
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