[bloodstainedwings]

Sales for Microsoft Corp.'s Xbox 360 HD DVD Player spiked 71,900 percent Amazon.com following a price cut to $79.99 on Wed.

On Wed. evening, the Xbox 360 HD DVD Player ranked as the No. 1-selling product in the Video Games division as the discounted peripheral went in and out of stock.

The $79.99 is the lowest price available for the peripheral, which was discounted by Microsoft to $129.99 the same day.

The Xbox 360 HD DVD Player previously sold for $179.99 and $199.99.

Amazon this week is promoting steep discounts on HD DVD products.

It slashed 50 percent off more than 100 HD DVD titles on Sun.

It also price cut the HD-A3 HD DVD Player to a new low of $121.00

Additionally, Amazon held discounts on Sony Corp.'s Blu-ray disc format as low as $14.99 and up to 53 percent off select titles.

Toshiba last month price cut all stand alone HD DVD Players following an announcement from Warner Bros. that it will produce high-definition content exclusively on Blu-ray.

Retailer Circuit City told Punch Jump in Jan. that it experienced strong HD DVD sales and will continue to sell HD DVD product at retail.

U.K. based retailer Woolworths in Jan. said that it will cease to offer HD DVD titles in favor of Blu-ray disc titles.

Blu-ray player sales recorded an 82 percent share in the week ending Jan. 27. HD DVD recorded the remaining 18 percent, according to data from Nielsen VideoScan.