Off of tough year over year in a horrid economic environment pretty damn good actually. Software sales rose 13 percent to $489.1 million. Some people expected flat sales. Pressure has been on this stock because some were expecting much dire numbers.
GME is on track to grow over 35% this year. Nothing lousy about that.
August doesn't account for the "retailers reporting over 100 percent sales lift for all Xbox 360" since last weeks price cuts. Console price cuts always spark software sales all great news going forward.
" the industry is up 32 percent year-to-date and remains on target to achieve annual revenues in the range of $22 billion to $24 billion," Frazier said in a statement."
Yeah pretty "lousey". Look at the big picture not the small. With all the doom and gloom this sector is doing stellar and better economic times are around the corner.