| kowenicki said: Sony and Nintendo both predicted exchange rates for the yen of 80 to the dollar and 100 to the Euro in their recent earnings releases. Over the last few weeks this has proved a little on the cautious side and the yen has weakened against the two currencies by quite a bit. This could actually improve further too with some decent news from Europe and if the US sort out the fiscal cliff, as they surely will. The timing of this could be very beneficial given we are about to enter the biggest selling period of the year and a quarter when massive portions of revenue are generated. Should help bottom line profits.
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Do you think Nintendo is going to be profitable this quarter in Q3?
In Q2 they had to book a loss for the production of the Wii U which resulted in a 200 million loss :( The exchange rates are really in their favour right now, they had 80 and 100 for U.S. and Euro respectively as forecast. Its now over 84 and 111. Furthermore, do companies do the exchange towards the end of the quarter or throughout the quarter?
