According to 1up.com Capcom is lowering their earning forecasts, apparently games like dead rising 2 and lost planet 2 didn't do as well as expected over seas- what really kills me about this article though is that the writer believes that a strong yen (meaning their money is rising in value) also did damage... that's right you read correctly... DAMAGE.
I know people who play games and write about them usually don't know crap about economics but here's some common sense for you, if a currency RISES in VALUE and capcom lowers their forecast since the yen is worth more that doesn't mean it did any DAMAGE. What made me laugh was the writer mentions how dead rising 2 and lost planet 2 didn't sell well overseas which I believe he is referring to america since he referenced the japanese games selling well and then he goes on to mention a strong yen did damage as well...call me crazy but how about a tanking american economy instead of a strong yen, just a thought.
1up.com here's a tip, stick to talking about games and don't open your mouth about economics- if a strong yen is bad then I can't wait till the dollar becomes toilet paper if we follow the same train of thought. If the Yen rises in value that means now all the japanese people who have Yen sitting around in the bank or stuffed under their mattress have suddenly gained purchasing power and can buy more with their savings now, probably games if they are a gamer... what a bad thing for the gaming industry. If the dollar becomes worthless and game companies profits increase 100% that doesn't mean they made money, because games will start costing more and if they don't then the company is making less money per game sold.
Sheeeeshhhhh!
The Kid,
Kid Starstorm
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