Chinese Solar Players Cut Prices, Microsoft’s Xbox 360 Stats: Tech Business Report
The Chinese solar panel manufacturers Yingli Green Energy Holding Co (NYSE:YGE) and JA Solar Holdings Co (NASDAQ:JASO) are boosting domestic shipments to outweigh slumping sales in western markets as they risk profitability for growth. Although prices for the panels are the cheapest in China, the firms there are reducing the prices even more to hopefully gain market share in a playing field that is expected to be huge by next year via government incentives. Analyst Mark Bachman at Avian Securities says that, “The pricing in China is some of the most cost competitive right now, so it doesn’t help gross margins to ship products into China.”
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Microsoft Corporation (NASDAQ:MSFT) claims that its Xbox 360 sold 750,000 units last week, surpassing not only Nintendo Co.’s (NTDOY.PK) new Wii U which sold 400,000 units, but also the aggregate for all Wii consoles, according to The Los Angeles Times, which added that Sony Corporation (NYSE:SNE) has not thus far released Thanksgiving week sales data for its Playstation 3.