BAD news for ps3 & wii - YEN hits 15 year high

[rocketpig]

nordlead said:

rocketpig said:

Well then I suppose it's good that the Wii and PS3 are made in China.

*sits back, patiently waiting for logic bomb to detonate*

This hurts Japanese game studios far more than it hurts either Sony or Nintendo, as all hardware is now made in China.

but if I remember correctly they pay for everything in Yen. Even the X360 is made in China, but they pay in USD. Nintendo has commented that a strong yen hurts their profits, and they've been producing their systems in China for a long time.

In that case, the Yen gaining in value is a boon to Sony and Nintendo. Getting more Yuan per Yen is a good thing, no?

The only thing this hurts is goods and services produced or rendered IN Japan. Namely, the Capcoms, Squeenixs, and Nacmos of the world (also Sony and Nintendo to a smaller extent). Nintendo was probably talking about their game studios and overall infrastructure, which is definitely heavily Japan-based (much more so than Sony, it seems).