Oh, for you nay-sayers who think the world of Canon is crashing down because they announced a 50% reduction in profits for the first 3Q of this year due to a rising yen, you should read what's happening to your beloved Sony et al.
From https://sg.finance.yahoo.com/news/sony-profit-dives-strong-yen-091503181.html
"... The electronics giant, which has been shedding assets as part of a broad restructuring, reported a 26 billion yen ($248 million) net profit in the six months through September, down nearly 78 percent from a year earlier.
Revenue in the first half of Sony's fiscal year fell more than 10 percent to 3.3 trillion yen "primarily due to the impact of foreign exchange rates", Sony said...
Japanese firms have benefited from a weak currency in recent years, which allows them to make their products cheaper overseas.
But the yen, which is seen as a safe bet, shot up since the start of the year as world markets were lashed by wild volatility and as uncertainty over Britain's decision to leave the EU stoked demand for less risky investments...
Panasonic has focused attention on lesser-known businesses, including energy and an auto division that makes various products found in vehicles, from electrical components to navigation systems.
But on Monday the firm blamed a strong yen and a poor showing in its solar panel business for cutting its profit and sales outlook.
Sony has also warned that a pair of deadly quakes in Japan in April would dent its bottom line...
The once-iconic firm has been working to stay profitable after years of huge losses, under a painful restructuring that has included layoffs and asset sales..."
There, that's reality for you.
