GameStop第二季度销量飙升,骑新Consoles WaveHardware and software sales soared during the second quarter, riding new gaming consoles from Microsoft and Sony.

ByGeoff Weiss

Opinions expressed by Entrepreneur contributors are their own.

Earlier this year, GameStop was reporting股票价格暴跌and a weaker-than-expected financial forecast. Today, the company says it is experiencing a sales surge thanks to demand for new gaming consoles.

Given ravenous customer demand for the Microsoft Xbox One and Sony PlayStation 4 consoles, GameStop reported a soaring 25 percent sales increase in its second quarter -- news of which uplifted shares by roughly 6 percent this morning.

Hardware sales grew 124.8 percent, next to software sales growth of 15.6 percent, the company said. Consumers clamored for new titles like Ubisoft'sWatch Dogsand Nintendo'sMario Kart 8.

Related:Gadgets, Apps, Video Games and Social Media: All Things Tech With Veronica Belmont

While GameStop has faltered in past quarters ahead of new console releases, when consumers typically shy away from purchasing games, "the second quarter demonstrates the power of the new console cycle," said GameStop CFO Rob Lloyd in a statement.

GameStop is foreshadowing additional growth through the rest of the year. Company president Tony Bartel said that the 24 major games slated to be released for the holiday season represents "the best lineup in history."

Other factors contributing to a doubling of the company's net earnings over last year's second quarter include 5.5 percent growth in its most lucrative category, pre-owned and value video game products. GameStop also reported 85.1 percent growth in the mobile and consumer electronics category.

Related:The Startup Bringing Video Games into the Real World

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Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at Entrepreneur.com.

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