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The fall of the euro begins to effect sony

This is a discussion on The fall of the euro begins to effect sony within the General PS3 Discussion forum, part of the Everything PlayStation; Sony is defenseless against the fall of the euro | Joystiq Sony said it expects a "huge impact" on earnings ...

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    The fall of the euro begins to effect sony

    Sony is defenseless against the fall of the euro | Joystiq

    Sony said it expects a "huge impact" on earnings as the euro declines -- many of Sony's exports are to European countries, some of which are on the edge of defaulting on an international loan. The euro currently sits at a decade-low against the yen, and as Sony generally doesn't buy from Europe, it doesn't have a defense against the euro's descent, Sony corporate treasurer Hiroshi Kurihara told Bloomberg.

    "There are no countermeasures that we can take for the moment," Kurihara said. "There is a huge impact on our earnings."

    Sony CEO Howard Stringer has apparently shut down some factories and is pushing Sony to build new products, such as tablets, in an attempt to avert a monetary crisis. Samsung, based in South Korea, is benefiting from the weakening of its own currency, the won, because in economics, failure is success.

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    Not surprising. It'll happen to practically everyone with a huge market in Europe.

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    Well at least Sony doesn't import any goods from europe other wise wouldn't their company be hit even harder?

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    Everybody who sells anything in Europe is feeling this right now.

    I wonder when people will wise up and realize this is always going to be the long-term result of socialist viewpoints.

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    i dnt see why we have a sony hater on a PS3 forum...honestly

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    Quote Originally Posted by ApplePope View Post
    Well at least Sony doesn't import any goods from europe other wise wouldn't their company be hit even harder?
    If they did import goods from Europe, it would make the hit they are taking a little softer because right now Sony's goods are making less and less profit for them. If they imported heavily as well, they could benefit from receiving goods that are cheaper.

    Quote Originally Posted by Gauss View Post
    Everybody who sells anything in Europe is feeling this right now.

    I wonder when people will wise up and realize this is always going to be the long-term result of socialist viewpoints.
    That's the problem, some people just can't wise up.
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    Japan is golden to buy imports since the yen is so strong but for exports, it makes things considerably more expensive to countries with declining/weaker currencies to buy Japanese goods which reduces revenues to buy imports and basically becomes a downward cycle.

    I feel bad for Japan. They came out of a super-long recession, had major natural/unnatural catastrophes and now the yen is too strong.

    The ripples from this whole mess will be felt for decades.
    Last edited by Pepticacid; 10-03-2011 at 11:18 AM. Reason: grammar clarification

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    Thank fuck the UK rejected the Euro.

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    Quote Originally Posted by Gauss View Post
    Everybody who sells anything in Europe is feeling this right now.

    I wonder when people will wise up and realize this is always going to be the long-term result of socialist viewpoints.
    it's actually the big companies over the pond that fucked the whole system up

    everyone is feeling the effects now because of it. they don't give a fuck because they made a quick buck and thats all that matters.

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    Quote Originally Posted by Ps360 View Post
    it's actually the big companies over the pond that fucked the whole system up

    everyone is feeling the effects now because of it. they don't give a fuck because they made a quick buck and thats all that matters.
    No it's not. Jesus, do you even know whats going on in the world or how it works? I mean seriously, if what you said was the case, then the US would of bellied up around 30+ years ago and been in the same situation as Europe.

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    Quote Originally Posted by Ps360 View Post
    it's actually the big companies over the pond that fucked the whole system up

    everyone is feeling the effects now because of it. they don't give a fuck because they made a quick buck and thats all that matters.
    Its more the banks than the big companies

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    Does this mean the UK is going to get heavily overpriced like Australia always have been?

    Heads up will be nice.


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    Quote Originally Posted by HYSTΣR!A⋆➒➑ View Post
    Does this mean the UK is going to get heavily overpriced like Australia always have been?

    Heads up will be nice.
    I hope not!!
    We rejected that piece of terd!! GBP FTW!!!

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    Quote Originally Posted by shaolinsword View Post
    Its more the banks than the big companies
    i have to agree actually.

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    Quote Originally Posted by Chambers35 View Post
    I hope not!!
    We rejected that piece of terd!! GBP FTW!!!
    I don't see the problem with converting to the Euro, I mean they only asked nicely, right?

    Why does this country have to act like ****s just to s-


    Oh, yes of course. How silly of me.


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    Quote Originally Posted by ApplePope View Post
    Well at least Sony doesn't import any goods from europe other wise wouldn't their company be hit even harder?
    Actually a weak euro means that if you were to import stuff from the eurozone it would actually be cheaper than normal to buy.

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