Sony drops to lowest in 25 years (Tokyo) as yen strengthens.

[maverick40]

kowenicki said:

maverick40 said:

kowenicki said:
Sony expected a yen/euro of 108 and yen dollar of 80 from March to help it return to profit this fiscal year.

Sony loses about 6 billion yen of annual operating profit for every 1 yen decline in the value of the euro)

update as of today:

Yen/euro: 98.75

yen/dollar: 79.29

Ouch at the yen/euro!! 

Can honestly see that getting worse... I have no idea why Nintendo and Sony had such bullish predictions for the Euro only 2 months ago.  It has traded well below their forecast ever since.

Exactly, their prediction was way off the mark. Worryingly so actually.