Okay, get your calculators out, it's financial results time! The latest fiscal quarter figures are seeping in, with several major companies handing over their results in the last 24 hours. First up, it's good-ish news for Sony. The PlayStation arm of its business has reduced operating losses to 3.8 billion yen (£27.9 million) for the quarter ended June 30. That doesn't sound amazing, but it's down from losses of 36.7 billion yen (£269 million). During the quarter, Sony also shifted 2.4 million PlayStation 3 consoles. So a big pat on the back, there.

Okay, things get a bit more bleak moving on to Nintendo. The Wii maker recorded a net loss of 25.2 billion yen (£185 million), compared with a profit of 42.3 billion yen this time last year. Sales of the DS dropped from six million this quarter last year to 3.15 million, but the company is shifting more Wii units – 3.04 million up from 2.2 million. Nintendo mumbled something about the rise in value of the yen compared to falling euro and dollar, and promised to make a profit over the full year. Must try harder.

Finally, Capcom has had a stinker. Its profits for the quarter were down a gargantuan 90 per cent, from 2.2 billion yen (£16 million) to 213 million yen (£1.5 million). Medicocre sales of Lost Planet 2, Monster Hunter Tri and Ghost Trick were to blame, as well as that thing about the yen being strong. See me after class.

So yes, that'll be the video game industry seemingly putting the 'recession' back into 'recession-proof'.

You can find more coherent reports on all this at CNET, Gamesindustry.biz and MCV.