"In Wake Of Newtown Massacre, Gun Manufacturers Are Raking In Profits"
Two major gun manufacturers revealed their quarterly sales this week, and both reported huge earnings, due in large part, it seems, to the slaughter of 20 children at Sandy Hook Elementary and the subsequent conversation about changing gun laws.
The Atlantic Wire analyzed the profits of both Ruger and Smith & Wesson’ over the course of time, and noticed a dip in sales immediately after Newtown, followed by a spike that kept both companies on an upward trend that began in 2010:
The Atlantic Wire also points out that the number of total background checks conducted over the last few months has similarly spiked:
The gun manufacturers’ reports corroborate an anecdotal trend noticed by many gun shops in the weeks after Newtown; that people were buying up a huge number of weapons and ammunition.
It’s worth noting, however, that the number of gun owners in the US has been on the decline. Rather, those people who own guns are stocking up on more firearms.