GameStop is raking in the dough these days.  Their financial numbers were released for the 2007 fiscal year, and by the looks of them they are doing pretty damn good for themselves.  Their final sales were up 33% compared to the previous year, and they took in net earnings of $288 million which is up 82% from the previous year!  GameStop CEO R. Richard Fontaine says, "2007 was a transformative year with hardware sales setting records and the installed base of users reaching an all-time high."  He may credit sales to gaming hardware, but their trade-in program had to have helped just a bit.  The majority of trade-in values highly undervalue a game's worth, and the cost of a used copy of a game is usually only 10% cheaper than than a new one.  I personally think that 2007 was the best year video gaming has ever seen, and gaming sales followed suit.  GameStop may have a hard time this year beating their sales and earnings if we don't see the same quality in titles, price cuts from consoles, or even new bundles for portables. 

 

Source: GamesIndustry.biz