The games industry will be "resilient" during the global credit crisis, says PlayStation boss Kaz Hirai.
Speaking to the Financial Times, Hirai said that he expects hard-pushed consumers to spend money on cheap home entertainment rather than go out.
"As long as we can generate excitement, then we will be less affected than other industries," he said. "We're getting to the point where price becomes more important".
Bizarrely contradicting his last statement, Kaz says that Sony has no plans to cut the price of the PlayStation 3 - currently the most expensive of the current-gen consoles - before Christmas.