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Week recap: PS3 price cut; Xbox 360 Avatar; Wii sales slow

Punch Jump Week Recap. Stories include:

Sony this week posted a $391 million first quarter loss amid slow PS3 sales.

Amazon.com this week price cut the 160GB PS3 SKU at under $450.

Sales for Microsoft Corp.'s Xbox 360 ranked last at Japan retail this week.

Microsoft this week said that the Halo Wars Leaderboard data was destroyed due to human error. The Leaderboards for the title have been reset to launch day status.

Nintendo this week week posted a 61 percent decrease in Q1 profit due to slow Wii sales.

Amazon this week price cut Wii Sports Resort to under $45 in a new game sale.

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