"Our first quarter results reflect the power of our leadership position within the video game market and our ongoing diversification efforts", said CEO Paul Raines.
Nintendo expects the Switch to more than double its annual operating profit.
That figure is important because it's just a smidge higher than the 1.1 million Wiis GameStop says it sold in the US during that console's first two months on sale in 2006. The new Switch is a hybrid game machine that works as both a console and a tablet. Collectibles - which include toys and games, apparel, accessories, and others - also grew 39.1 percent to $114.5 million thanks to Pokémon products. In 50 of their larger stores, they'll be dedicated half the floor space to collectibles, and they're planning on adding about 20 more ThinkGeek stores in the USA and 15 overseas.
GameStop has reported its first quarter earnings, and despite a slight slump on the USA side, the company had a 3.8% overall growth over the same quarter a year ago, with $2.05 billion in sales.
GameStop reported a profit of $59 million, or 58 cents a share, versus a profit of $65.8 million, or 63 cents a share.
Net sales climbed 3.8 percent to $2.05 billion in the quarter, beating analysts' average estimate of $1.94 billion, according to Thomson Reuters I/B/E/S. Shares gained 91 cents, or 4 percent, to close at $23.62.