kowenicki said:
justinian said:
sethnintendo said:
If Nintendo is taking a hit then Sony is definitely taking a hit in profits due to currencies fluctuation. Europe isn't looking too hot right now and they need to get their act together. The euro is looking pretty weak now compared to what it used to be. If the dollar stays strong/strengthens more then this should help both companies for USA region. Anyways, the whole global economy is in a rut and I don't see it getting too much better for certain regions anytime soon. USA is still way off from recovering and Europe is even further.
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I agree. The thing is it works both ways. Nintendo, Sony and MS did well when the euro was strong which resulted in good revenues. They must take the rough times with the smooth. The truth is the euro is still better than it was a few years ago (2006/2007) but it's rapid rise after disguises this fact.
The dollar is in a better position at the moment but in this volatile economic environment there is no guarantee that it wont nosedive in the foreseeable future (depending on which "expert" you believe).
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Thats incorrect.... the Euro recently reached an 8 year record low against the Yen and a 4 year low against the Dollar
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Yes, you are right, actually it has reached a NINE YEAR low against the yen.
I was comparing it against the dollar so 2006 is indeed four years.
The US$ is the currency other currencies are measure against so forgive me for ignoring the yen.
In this case it would have made sense for me to consider the yen as the discussion was about yen/euro so you can hold me guilty of that.
