GameStop: positive quarterly earnings driven by Switch sales

GameStop recently shared their quarterly earnings results, where the company revealed that its Q2 2017 results were driven by sales and demand for the Nintendo Switch console.

Specifically, GameStop CEO Paul Raines said that “Our second quarter sales results were driven by continued strong demand for Nintendo Switch and Collectibles.”

The Switch helped increase hardware sales at GameStop by 14 percent compared to the same period the year before.

GameStop also said that they had “secured leading market share of Nintendo Switch”, meaning that Nintendo supplied more systems to GameStop than to anyone else.

Worldwide, the Switch has sold 4.7 million units, but those are numbers are as of July 26. It’s likely that the console has sold well over 5 million by now, maybe even 6 million.

We’ll have to wait for the updated sales numbers when Nintendo releases their next quarterly earnings report in two months.