Why are so many people requesting console price cuts?

[Just_Ben]

NJ5 said:

Just_Ben said:
You realize that the things are produced in China. Their currency is more or less 1:1 binded to the $. So producing the thing should cost the same in $ (or only minimal more) than a year ago. Your assumption is therefor wrong. The consoles are costing the same in the US and cosing more in the EU and Japan than before ;)

 

You have to update your financial knowledge, the Yuan is not so much bound to the dollar anymore since mid 2005 ;)

http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=5y

 

I knew that it was 1:1 and got changed,  but that it changed that much is new for me (I thought it is more like 95% still depends on $).

On the other hand, since 2007 it changed only by 10% (if my math is correct), the euro by 17%, japanes by 15%.  The pound on the other hand fell against the $ since 2007, intresting ;).

Still my point stands, I guess. The only reason why price cuts are impossible is because america got things to cheap before and MS and Sony don't want to loose more money. In the EU it is still quite possible (imho) MS did it allready ;)