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.