Handheld Entertainment Lowers Price Of Portable Player
As expected, Handheld was forced to drop the retail price below $100 in its initial release today, and had to include a 1GB flash card versus the 512MB card specified in February. Can Handheld Entertainment generate profits at these price levels? I highly doubt it, but we will see over the coming quarters.
Bottom line: I still think that Handheld Entertainment should give up its continuously unprofitable hardware business before it drags the company under, and try to salvage some value from its online properties.
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Disclosure: no position.
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