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Forums - Sony Discussion - SONY rating cut again by S&P. *Update: Moodys follow suit.

wfz on 25 September 2012
kowenicki said:
Viper1 said:
kowenicki said:
Seems a little harsh to me given that the currencies have moved a little bit back in the favour of Japanese exporters like Sony recently.

The Yen is expect to drop from 77 to 70 against the Dollar over the next year.


Yes, the strengthening of the Euro has been offset by a weakening of the dollar v Yen recently.  If it hit those levels you talk about then Japanese exporters would suffer massively.


Wouldn't a weaker Yen help exporting? I thought one of Nintendo and Sony's biggest issues was that the Yen was too strong and they were making less money overseas due to that.



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VGKing on 25 September 2012

DOOOOOM!

I don't really give a f**k. They still seem to be pumping out great AAA games.
Vita is a different story though...



sales2099 on 25 September 2012
VGKing said:
DOOOOOM!

I don't really give a f**k. They still seem to be pumping out great AAA games.
Vita is a different story though...

Ya you and all other PS3 fans dont give a f**k..........until they close a studio. Then its all "WTH happened?!?!!?" 

FYI.......the only AAA game they released this year was Journey.....and the dev announced they are going multiplat. Seems Sony couldnt afford to renew the exclusivity contract. 

Huh. 



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

thetonestarr on 26 September 2012
NiKKoM said:
Soundwave said:
Ouch. Tough times for Sony.

Even though Nintendo suffered that one annual loss, they have a giant pile of cash to fall back on and zero debt.

Unfortunately I think Sony is in for a very hard fight with Microsoft and Nintendo coming up.

I think the credit rating cut is more about the fight Sony has against Apple and Samsung..  they still haven't got any most have devices in mobile space which wows the consumers while they are in a perfect setup to develop one as content and hardware developer..

right, but gaming has been the one thing keeping them from getting cut sooner/further, so with gaming being a very iffy place for them right now, it's looking like things will be getting even worse for them.



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Ronster316 on 26 September 2012

sony? in trouble? this is truly breaking my heart..!!!!!

I know what its like when a company that you support/respect hit financial trouble, (in my case my beloved SEGA of course) however, i actually DO want sony to fail...... and miserably too (i'm talking ruin beyond recognition)



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RedInker on 26 September 2012

It seems that Sony cant catch a break at the mo. Something needs to change soon.



Cobretti2 on 26 September 2012
sales2099 said:
VGKing said:
DOOOOOM!

I don't really give a f**k. They still seem to be pumping out great AAA games.
Vita is a different story though...

Ya you and all other PS3 fans dont give a f**k..........until they close a studio. Then its all "WTH happened?!?!!?" 

FYI.......the only AAA game they released this year was Journey.....and the dev announced they are going multiplat. Seems Sony couldnt afford to renew the exclusivity contract. 

Huh. 


They will also say WTH happened when PS4 launches and it is barely better than WiiU.

Ths report is concerning to me and it probably indicated Sony will not be taking hardware losses next gen, or they in trouble.



 

 

Viper1 on 26 September 2012
wfz said:
kowenicki said:
Viper1 said:
kowenicki said:
Seems a little harsh to me given that the currencies have moved a little bit back in the favour of Japanese exporters like Sony recently.

The Yen is expect to drop from 77 to 70 against the Dollar over the next year.


Yes, the strengthening of the Euro has been offset by a weakening of the dollar v Yen recently.  If it hit those levels you talk about then Japanese exporters would suffer massively.


Wouldn't a weaker Yen help exporting? I thought one of Nintendo and Sony's biggest issues was that the Yen was too strong and they were making less money overseas due to that.

Yes.  A weaker Yen against the Dollar and Euro would help overseas sales but dropping from 77 to 70 is a strengthening, not a weakening.   Back in 2006, the ratio was 110 Yen to 1 USD.   Now it's 77 Yen to 1 USD and it's epected to be around 70 Yen to 1 USD next year.



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zimbawawa on 26 September 2012
Viper1 said:
wfz said:
kowenicki said:
Viper1 said:
kowenicki said:
Seems a little harsh to me given that the currencies have moved a little bit back in the favour of Japanese exporters like Sony recently.

The Yen is expect to drop from 77 to 70 against the Dollar over the next year.


Yes, the strengthening of the Euro has been offset by a weakening of the dollar v Yen recently.  If it hit those levels you talk about then Japanese exporters would suffer massively.


Wouldn't a weaker Yen help exporting? I thought one of Nintendo and Sony's biggest issues was that the Yen was too strong and they were making less money overseas due to that.

Yes.  A weaker Yen against the Dollar and Euro would help overseas sales but dropping from 77 to 70 is a strengthening, not a weakening.   Back in 2006, the ratio was 110 Yen to 1 USD.   Now it's 77 Yen to 1 USD and it's epected to be around 70 Yen to 1 USD next year.


Looks like printing money is working for Japan.



d21lewis on 27 September 2012

One of the reasons why I don't think there is ever going to be a Playstation 4.