Neither Sharp nor Panasonic were able to right the ship this past quarter as the improving yen helped but didn't resolve the margin issues these companies faced. Sony in comparison has domestic financial services as well as non manufacturing income from overseas, so here's hoping Sony turned on a dime and somehow gave themselves a little more financial breathing room.
Despite the rising stock market, headline improvements in housing, auto sales, etc in the U.S., 4th qtr GDP was actually a decline. When your gun just emptied its barrels and the zombi is still up and about, it's not exactly time to celebrate your shots all hit their targets. The lack of election urgency to flex fiscal muscle might lead to a much softer 1st quarter than anyone had expected. We have to remember the Japanese were stubborn and perhaps stupid enough to have held on to a strong yen but their number competitor Korea never did. Yen falling will do nothing against Korean onslaught if Won falls just the same. Red sea, bloodbath, and just when it's time to celebrate PS4, Nextbox is coming too. Yippy Ki Yay.
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