Poor of the console has hit the big N badly this year – with a 37% fall in profits. Shipping under 10m units compared to a staggering 51m PS2s it's easy to see why. Several hyped releases, such as the latest game and Prime, haven’t been enough it seems.

I’d like to say it's not all bad news for the Japanese gaming giant – but it is. The announcement of the (Portable PlayStation) by directly attacks Nintendo’s lucrative and well-seated GameBoy in the handheld market.

Several sources have predicted that profits will fall again next year.

By Jason Cartwright