NJ5 on 23 November 2008
| Kasz216 said: Hmm... interesrting. I'm always surprised company contracts don't have a general "currency failsafe" of some sort |
They do have ways to protect themselves against currency movements, but I don't think they're ever protected against such sudden and big movements.
For example, if I remember correctly Nintendo's profit margin declined from 25% to 10% in the last quarter, largely due to the same problem (the dollar/euro got even lower after the quarter ended). Sony's problem is that their profit margins are close to 1%, so you can see where they're going.
I can imagine a lot of running around at Sony's HQ.
My Mario Kart Wii friend code: 2707-1866-0957
