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Retailer remains conservative on launch figures for Wii, PS3
US specialist retailer GameStop had released its financial report for the second quarter, noting an uncertainty over the available units for the launch of Nintendo's Wii and Sony's PS3.
The company posted profits of US$3.2 million (2.5 million Euro) for the quarter, down from US$7.9 million (6.2 million Euro) in the same quarter a year ago. The decline was primarily attributed to a substantial US$20.2 million (15.7 million Euro) in interest expenses relating to the company's merger with Electronic Boutique.
Sales for the quarter were up significantly on last year, reaching US$963.3 million (750.8 million Euro) compared to US$415.9 million (324.1 million Euro) in 2005.
Strong performances from EA's NCAA Football '07 and Nintendo's New Super Mario Bros. helped drive sales during the period, with GameStop noting that stores which have been open over a year showed a 3.9 per cent sales growth.
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