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GameStop's earnings are up thanks to demand for the PlayStation 4 and Xbox One

  • Posted byby Mike Minotti
  • Updated
  • 1 min

It’s amazing what some new hardware can do for an industry.

Total global sales are up 7 percent from this time last year, GameStop releases in its earnings report for the first fiscal quarter of 2014 (ending on May 3). Total global sales were at $2 billion. Strong demand for new consoles helped spur that growth, showing that after a couple of years of sagging results, the arrival of the PlayStation 4 and Xbox One are lifting the home-console market, a multibillion-dollar industry. Diluted earnings per share were at $0.59.

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Written by

Mike Minotti

Mike Minotti has been with GamesBeat since 2012, starting as an intern. Based near Youngstown, Ohio, he now manages GamesBeat's editorial team. He's also a prolific podcaster, appearing on multiple shows covering the gaming industry.