Nintendo, Sony, Capcom Quarterly Data (Apr-Jun 2010) out Tonight

[M.U.G.E.N]

mai said:

Viper1 said:

M.U.G.E.N said:

Ninty posted a huge loss (what R&D? lol most of the R&D isn't done by them, spin it all you want)

Actually Nintendo had a $500 million but took on a $794 million one time exchange rate charge resulting in the posted $288 million loss.

 

No spin, just facts.

Actually I don't very well understand what "foreign exchange loss" suppose to mean. I need a basic lesson on accounting and/or economics to clear things up.

Nintendo's sales are mainly made abroad, so they recieve their payment in USDEUR. It's naturally to expect they are to be hit by exchange rates this year harder than last year (afaik USD is ~5 yen cheaper on average for reporting period, EUR compared to yen is down a few points as well, though overall sales are lower than for the same quarter last year). They netted $475 in Q1 of FY 3/2010, how these marginal changes in exchange rates translate into net loss of $283M?

:P cuz cuz cuz cuz this kinda thing only afffects Ninty where as MS and Sony are immune to stuff like this...DUH!