GameSpot announced stronger than expected quarterly results today citing an increase in sales for games, consoles, and portable handhelds. The largest US gaming boutique saw its shares increase by almost 12% to $129.8 million, or 81 cents per share up from $85 million, or 55 cents per share last year. The company expects a 14-16% sales increase for fiscal ‘07 ending February 2008.

The Texas-based retailer, which recently acquired EB Games, accredits a diverse product offering for the sales increase. “No previous cycle has had the diversity of console attributes currently in our stores; no previous cycle has merged other technologies like HDTV, Wi-Fi, and MP3 attributes to make the gaming experience truly the best ever,” said GameStop CEO R. Richard Fontaine in a statement to Reuters. He went on to say that this generation’s growth cycle will be “deeper, wider, and longer than any previous period of new console introductions.”