Speaking as THQ's latest financial results were confirmed, CEO described the PlayStation 3 as a "challenging" system - and that he doesn't expect a price cut at this year's E3.

"We're not expecting a price cut at E3, but we do expect one later in the year. That's just our guess... not based on any knowledge from Sony."

The has been the subject of endless pricing conjecture, but with still making a loss on it is unlikely a cut will be introduced as soon as some would hope - despite the console being far pricier than rival systems from and Microsoft.

More from and Farrell soon.

By Luke Guttridge