Pre-owned claims 50% of GameStop profit

GameStop has revealed that sales of pre-owned game products accounted for 47.4 per cent of the company’s profit for the three months ending October 2010.

In total pre-owned was worth $528.m, with profit of $250.2m. By comparison profit from new games reached $182.4m (21.7 per cent of the quarter’s total) and hardware hit $21.7m (7.9 per cent).

Last year pre-owned was worth $507.7m with profit of $240m.

Overall numbers for the quarter saw record sales of $1.9bn – that’s a jump on the same period last year, where the firm made $1.83bn.

There’s a more detailed run down of the financials here.