Sad news to hear that Ken Kutaragi, father of Playstation has resigned.

Mr Stringer had been hoping Sony’s video games unit, Sony Computer Entertainment, would be a bedrock of the group’s revival. Instead its losses are expected to balloon to $2bn (£1bn).

Ouch!!!!

Meanwhile, Nintendo, known for game characters such as Donkey Kong and the diminutive Italian plumber Mario, said yesterday its profits had leapt more than 77% to 174.3bn yen (£733m) in the year to the end of March.

Double Ouch!!

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