justinian said:
The EU is a state with one currency just like the US but with many more languages. Localisation is not a big issue nor is it just a Sony problem. MS and Nintendo also have to deal with these issues in EU. In fact the euro has stated it's claim as the premium currency in world due to it's strength and circulation. On the other hand the US$ is unstable (better now) but is very often taking a scuba dive towards third-world status before recovering, costing companies a lot of money.
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True, the Euro certainly makes things easier for Sony now and MS and Nintendo obviously have the same problems. Despite a semi-single currency (11 states still don't use, though most of the largest markets do) the EU is still a fragmented market and suffers from some of the issues necessarily involved with that. Sony should still able to make a larger return to investment in the US and as you mentioned in another post they probably want to focus attention on their weaker market (especially as it's potentially so big) given their brand name is still very strong in Europe.