Who said this economy is affecting everyone? GameStop has released its earnings report for the fiscal quarter ending October 31st, showing the mega-store has shown an 11.8% increase in net earnings. The company made a total of $52.2 million in Q3, compared to $46.7 million for Q2. Total sales for the year rose to 1.83 billion, an increase of 8.2% over last year. While new software sales were up a modest 9.4%, the real money maker for GS, once again, was used sales which increased 19.3% for the quarter. The best-selling games for the quarter were Madden NFL 10, Halo 3: ODST, Batman Arkham Asylum, NBA 2K10 and Wii Sports Resort.

GameStop CEO Daniel DeMatteo, as could be expected, was happy about the earnings:

"A sharp focus on efficient operations in this challenging global economy delivered solid earnings results and significant market share gain."

The outlook for the rest of the year is rosy for GameStop as well. The company has already announced that Modern Warfare 2, a fourth quarter game, sold 2.5 million copies in its first 72 hours, of which DeMatteo said, "We are optimistic that the huge success of this game will serve as a bellwether for what we can expect for the remainder of our holiday game sales." The company is also excited that the projected sales for New Super Mario Bros. Wii and Assassin's Creed II will help continue the trend of making money hand over fist.

[Source]