Hirai: Gaming will be less affected by credit crunch

Sony Computer Entertainment boss Kazuro Hirai has expressed his belief that the games industry can whether the storm of the increasingly volatile global financial unrest.

Speaking to The Financial Times, Hirai stated: As long as we can generate excitement, then we will be less affected than other industries.”

However, the same piece claims that Fumiaki Tanaka, the head of Konami Digital entertainment, has stated that some of Japan’s game distribution companies are struggling to make the numbers meet.

Earlier in the interview, Hirai yet again insisted that Sony will not cut the price of PS3 this Christmas, despite claims that Microsoft’s recent reduction in Xbox 360 RRP could lead to Sony’s console struggling this Q4.