Gates takes on Sony and Nintendo

Microsoft chairman Bill Gates has declared that the strategy for Xbox 360 is "working perfectly", questioning Sony and Nintendo's next-gen console offerings.

As reported by Dean Takahashi of the San Jose Mercury News, Gates observed that the original Xbox was "20 per cent better" than its rivals.

However, he continued, "It didn't matter. We were a year late, didn�t have the best games. We had this bigger box. We did have online. We didn't switch positions on that."

Head over to GamesIndustry.biz for the full report.