Jane Chen / Shanghai Daily news

With more up-market models unveiled, prices of medium-ranged imported digital video cameras have dropped this month, today's Shanghai Morning Post reported.
At a booth in Shanghai Pacific Digital Plaza, a leading digital product bazaar in the city, a Sony 1-million-pixel DV product, which sold for 6,580 yuan (US$796) last month, now carries a price of 5,850 yuan.
"The price drop is a must for the old models, because Sony is promoting two new products with 3 million pixels", said the booth's owner, who is not specified in the Shanghai Morning Post report.
Most other imported old DV models also have their prices cut by about 300 yuan, he added.
However, local brands remain stable in the flurry of price drops.
"Prices of domestically produced DVs are already lower than imported products and therefore, there's not much room for discounts," the owner explained.