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Hardware and pre-owned fuel sales boom at GameStop

Profits up in first quarter as digital sales rise 53%; Top 5 sellers include Pokemon, Homefront, Black Ops

Hardware sales of high definition consoles, the Nintendo 3DS and pre-owned software have pushed US retailer GameStop to record first quarter results.

Sales were up 9.5 per cent for the three months ended April 30, to $2.28 billion, compared to $2.08 billion for the same period last year. Profits were up to $80.4 million, up 6.9 per cent on last year.

Digital sales at the retailer were up 53 per cent on last year and pre-owned products saw a 9.5 per cent growth.

The retailer said the top five best-selling games during the quarter were Pokemon Black and White, Mortal Kombat, Marvel Vs Capcom 3: Fate of Two Worlds, Call of Duty: Black Ops and Homefront.

"We delivered record financial results while continuing to make investments in our digital channel, including the acquisitions of Spawn Labs and Impulse," said Rob Lloyd, chief financial officer.

"The strength of our balance sheet and consistent cash flow allows us to invest in future growth channels while returning value to shareholders."

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Matt Martin

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Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.