kowenicki said:
kowenicki said:
Not quite that simple. Some segments benefit from the yen and others suffer.
Overall, sales and revenue are actually down more on a constant currency basis. In other words, as a group Sony did better due to the current Yen rate.
Sales and revenue down about 1% YOY, but that translates to being down 4% on constant currency basis.
And I'd expect SNE to drop today after these results (where is the growth?) and the interest rate decision in Japan. I could be wrong.
|
As I expected. Down more than the market today at over 5% down. Analysts will be looking for where growth is coming from as there doesn't appear to be any prospect of it in these numbers, tight margins and the worsening currency situation.
|
Like I said, I predicted the stock to be up when they announce their forecast, not up on the results from this quarter.