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Forums - Sony - Does sony make money in Europe

outlawauron on 06 August 2008
Pristine20 said:
ChichiriMuyo said:
"here in united states it is 7.25% for the highest tax state, california."

I'm sorry, you need to do better research.

1 Tennessee 9.35%
2 Louisiana 8.70%
3 Washington 8.45%
4 New York 8.25%
5 Oklahoma 8.15%
6 Alabama 8.00%
7 Arkansas 8.00%
8 California 7.95%
9 Texas 7.95%
10 Arizona 7.80%

And realistically, most of those are higher. I live in Arizona, and I typically pay more than 8% thanks to city/county tax.

http://www.fairtaxation.org/facts/sales_tax_rank.php

Anyway, VAT works in a totally different way than sales tax, so it's pointless to compare them directly.

And on top of that, there is a difference in the buying power of a Dollar and a Euro. While conversion rates highly favor the Euro, meaning it's good for Europeans to travel to the U.S., basic costs of living are still practically 1 to 1 in most places.

 

 That really sucks. In delaware, there's no tax on electronics. I live in philadelphia. Most people here just drive down to DE to buy expensive electronics


That'd be nice. I live in the fine state of Louisiana where sales tax is freaking high!

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soccerdrew17 on 06 August 2008
NJ5 said:

Part of that money is taxes, import fees and EU recycling fees. Eliminating VAT alone turns $623.12 into about $520. It's likely that Sony gets a little less than $500 from each PS3 sold in Europe.

Furthermore, I doubt the console's production is paid for in dollars (but I'm guessing on this point).

In any case, one thing's for sure - overall, they're losing money on hardware. Sony's CFO says so very clearly in all of their latest financial conferences.

 

i would assume the loss on hardware is for the japanese or american version of ps3, which is the cheapest and second cheapest respectively.  the consoles in europe may well be making a profit.

 



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