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Forums - Sales - US dollar falls to 14-year low against the yen

NJ5 on 26 November 2009

Toshiba makes LCDs and has as much market share as Sony? I swear I don't remember seeing any Toshiba LCD for sale... maybe they don't sell much in Europe?

Over here the usual brands at stores are Samsung, Sony, LG, Panasonic and Philips. Though I have no idea of their marketshare in Europe.



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Grimes on 26 November 2009
bardicverse said:
It pisses me off that the US does nothing to recover the dollar. A weak dollar raises oil prices, which means more expensive gas prices. I think the US govt is making a hefty profit from oil lobbyists in keeping the dollar weak. A weak dollar does not help anyone out except for the fatcats.

It does help US exporters, such as Microsoft.



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Lafiel on 26 November 2009

@ Grimes )

Microsoft is the last company in the world that'd need help though .. their profit margins are .. perverse even without currency advantages



OctaBech on 26 November 2009

Well the US and UK with their for the time being weak currencies aren't to my knowledge Sony's and Nintendo's only markets. Actually aren't those Sony's weakest markets?



NJ5 on 26 November 2009
OctaBech said:
Well the US and UK with their for the time being weak currencies aren't to my knowledge Sony's and Nintendo's only markets. Actually aren't those Sony's weakest markets?

The yen went up against most currencies in the past year.

Regarding the US and UK, obviously they aren't the only markets. But together they represent a big portion of the market, about 50%.

 



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rafichamp on 26 November 2009

Yahoo finance already said Nintendo lost 1 billion dollars this year (they are still profiting tho, just not as much as last year), however im just worried about Sony.



famousringo on 26 November 2009
Lafiel said:
@ Grimes )

Microsoft is the last company in the world that'd need help though .. their profit margins are .. perverse even without currency advantages

That was just an example. Any export from the US starts looking cheaper on the global market. The trade deficit will start to disappear as US consumers become more reluctant to buy expensive imports and US exports start looking more attractive to foreign consumers.

I'm sure the hope is that the weak USD will start bringing back manufacturing jobs to the US of A, or at least staunch the bleeding. It makes US labour look cheaper to a multinational corp.



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bardicverse on 26 November 2009
Grimes said:
bardicverse said:
It pisses me off that the US does nothing to recover the dollar. A weak dollar raises oil prices, which means more expensive gas prices. I think the US govt is making a hefty profit from oil lobbyists in keeping the dollar weak. A weak dollar does not help anyone out except for the fatcats.

It does help US exporters, such as Microsoft.

Sure, but I couldn't care less about US exporters. I'm talking about digging deeper into MY pockets to pay for a tank of gas. I've come to learn that America is all about the "f**k everyone else, what about me??" attitude, so I'm learning to adopt it personally. So, f**k everyone else, what about the economy helping ME out?