[ UPDATE: Speaking in its earnings conference call, executives from GameStop revealed more information on the recent next-gen hardware launches by noting that while both consoles achieved complete sell through, both have currently been resupplied and the company expects to get continuous re-supply on a weekly basis. Comparable store sales, it noted, increased 8.8% during the quarter. Software sales, too, it said were up 14% over the previous year, led by Madden NFL 2007, Saints Row, Dead Rising, and Splinter Cell: Double Agent, all on the Xbox 360. GameStop reported that sales in hardware, led by the Xbox 360 and the continued popularity of the DS Lite, increased 69% over the third quarter of the 2005.

Profits from GameStop's third quarter came in at $13.6 million, a healthy jump from the $2.5 million loss it sustained this time in 2005 - the 2006 loss was due to what it said was a lull, as consumers waited for the Xbox 360's launch. Online and retail outlet GameStop has recorded a massive jump in sales for its third quarter, with an increase to just past $1 billion, up over the prior year's $534.2 million, led by a spike in hardware sales, as well as growth in its sales of game software.

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