Xbox 360 Selling Short on Wallstreet
According to Business Week, Microsoft has reported a $300 million loss for its first quarter fiscal results. Analysts are attributing this loss to Microsoft’s short selling of its much anticipated Xbox 360. They apparently were expecting Microsoft to sell about 2.5 million Xbox 360 units this holiday season, but after checking with retailers and other sources, they have determined a total sale of about 1.5 million units.
Microsoft has provided no info to why they aren’t shipping more, but take a look at retailer websites and you will see that many are sold out.
Christen Costa
Grew up back East, got sick of the cold and headed West. Since I was small I have been pushing buttons - both electronic and human. With an insatiable need for tech I thought "why not start a blog focusing on technology, and use my dislikes and likes to post on gadgets."
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