Following the release of its second-quarter earnings report, GameStop took the time to discuss on its conference call the impact it's been seeing on hardware sales after Nintendo slashed the price on 3DS and Sony brought down the price on PS3. The good news for both Nintendo and Sony is that the price cuts are certainly helping.
GameStop president Tony Bartel commented, "In terms of recent trends, clearly, we've had 2 major events recently with the price drop on the 3DS and the recent price drop on the PS3 platform. That has seen a significant increase in the rate of sale of those platforms, as you would expect. So we see that as a good barometer for what is going to take place in terms of the installed base in the back half of the year."
Bartel also noted that he's encouraged on the software front, saying "as we look out and we are forecasting that we will have more million-plus reservation titles, we clearly see reservations at a very strong clip currently."
The holiday season is shaping up to be a potentially huge one for the industry with more affordable hardware and many notable triple-A titles to entice consumers.
