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K-Mart discounts Xbox 360 HD DVD Player to $5.00
by Marcus Lai

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K-Mart stores have discounted Microsoft Corp.'s Xbox 360 HD DVD Player to $5.00 as the retailer moves remaining units of the defunct high-definition peripheral.

A buyer on the discount website Slickdeals.net purchased an Xbox 360 HD DVD Player for $5.00 in Greensboro, NC.

The device, which allows Xbox 360 owners to play Toshiba Corp.'s HD DVD format titles, launched in Nov. 2006 for $199.99.

It was later discounted to $179.99 in a price war against Sony Corp.'s Blu-ray disc format.

Toshiba in Feb. exited the HD DVD format business after companies including Warner Bros. Home Entertainment, Best Buy Co. Inc., and Netflix Inc. defected to Blu-ray.

Retailers including Best Buy and Circuit City Co. Inc. have cleared all in-store HD DVD inventory.

Amazon.com has discounted a wave of HD DVD titles by up to 60 percent to clear inventory.

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