Sony: Euro slump will have “huge impact” on revenue
September 30th, 2011
Sony says the recent fall in value of the euro against the Japanese yen will have a "huge impact" on its revenue. Bloomberg reports that the euro fell to a ten-year low of ¥101.94 earlier this month and has fallen 11 per cent against the yen in the last three months alone. Sony's most recent earnings forecasts were based on the assumption that the euro would be worth around ¥115, meaning it faces a shortfall of over 11 per cent.
http://www.bloomberg.com/news/2011-09-29/sony-expects-huge-impact-on-earnings-on-euro.html
Bloomberg
Sony says the recent fall in value of the euro against the Japanese yen will have a "huge impact" on its revenue.
Bloomberg reports that the euro fell to a ten-year low of ¥101.94 earlier this month and has fallen 11 per cent against the yen in the last three months alone. Sony's most recent earnings forecasts were based on the assumption that the euro would be worth around ¥115, meaning it faces a shortfall of over 11 per cent.