News article

Software sales help Game results

Software sales help Game results
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Retailer Game has said software sales helped to offset a fall in revenue from video game console sales during the 18 weeks to December 5th.

The company revealed in an interim management statement that titles such as Fifa 10 and Call of Duty: Modern Warfare 2 both broke sales records during their first week of release.

However, it also noted that transactions of hardware continued to be low and posted a 13.9 per cent fall in like-for-like sales over the course of the period.

As a result, its shares were down in the morning session of stock market trading, dropping 13.6 per cent to 124.90p at 10:16 GMT.

Despite the fall, chairman Peter Lewis was upbeat, stating that Game has increased its market share over the course of the 12-month period so far.

He also predicted a busy remaining eight weeks for Game, as these "historically represent around 25 per cent of [the company's] annual turnover".

Posted by Greg SeckerADNFCR-1681-ID-19500524-ADNFCR