Nintendo Co. has asked partners and suppliers to assemble about 20 million Switch 2 consoles in the year through March, roughly 20% more than the public sales outlook it issued earlier this month , people familiar with the matter said. The latest production volume plan is not final and may be revised depending on demand, said the people, asking not to be named as the information is not public. Sti...
Nintendo Co. has asked partners and suppliers to assemble about 20 million Switch 2 consoles in the year through March, roughly 20% more than the public sales outlook it issued earlier this month , people familiar with the matter said. The latest production volume plan is not final and may be revised depending on demand, said the people, asking not to be named as the information is not public. Still, the current schedule suggests the company is confident in its ability to stoke Switch 2 sales with its upcoming games lineup. Nintendo has made a habit of issuing conservative forecasts at the start of a fiscal year and then outperforming them, a common practice for Japanese corporations. Just a year ago, the company publicly proclaimed an estimate for 15 million Switch 2 sales in the last fiscal year — and then finished at 19.9 million units. For this year, it said it expect to sell 16.5 million Switch 2 consoles. “For them, there is no real downside in lowballing numbers first and then surpassing them later,” said Tokyo-based industry analyst Serkan Toto . “The just-finished fiscal year is a good example.” The closely watched Switch 2 has set new sales records since its June debut. Nintendo stirred a fresh buying spree in Japan in recent days by announcing an imminent price hike, to be followed by a global price increase in September to $500 — from the original $450 — brought on by the elevated cost of key parts like memory. A Nintendo spokesperson did not respond to a request for comment. The Switch 2 has a handful of hit games, such as Donkey Kong Bananza , Pokémon Legends: Z-A and this spring’s surprise global smash Pokémon Pokopia . The best-selling video game in the US in April was Tomodachi Life: Living the Dream , another in-house production from Nintendo, which raked in $41 million in US sales, according to market tracker Circana. In Japan, Famitsu data showed Switch 2 sales in the country roughly quadrupled for the two weeks ending May 10, and some stores are...
Copper advanced with other base metals as optimism the US and Iran can reach a peace agreement supported risk assets. The metal rose as much as 0.8% in London. Iran said the most recent proposals from the US narrowed the gap between the two sides, while Secretary of State Marco Rubio said there were “some good signs” a deal could be reached. However, sticking points remain, such as Tehran’s uraniu...
Copper advanced with other base metals as optimism the US and Iran can reach a peace agreement supported risk assets. The metal rose as much as 0.8% in London. Iran said the most recent proposals from the US narrowed the gap between the two sides, while Secretary of State Marco Rubio said there were “some good signs” a deal could be reached. However, sticking points remain, such as Tehran’s uranium stockpile and a dispute over tolls in the Strait of Hormuz. Metals have held up well through the conflict, which is approaching the three-month mark. Copper, which posted a record-high close last week, has been boosted by bets that mine supply won’t be able to match demand from growth areas including artificial intelligence, clean energy and strategic stockpiling. “Pricing is no longer anchored to the marginal cost, but increasingly reflects scarcity value and supply security,” Jefferies Financial Group analysts said in a note. “We expect copper prices to remain elevated in order to incentivize new supply.” Copper rose 0.6% to $13,601 a ton on the London Metal Exchange as of 11:02 a.m. in Shanghai, and was up 0.3% for the week. Aluminum climbed 0.3%, its fifth straight daily gain, while zinc added 1.1%. Iron ore futures in Singapore increased 0.4% to $106.20 a ton, breaking a six-day run of declines.
The Bullish Trade The TSMC Trade TSMC’s recent stock movement is attributed more to relative-strength positioning rather than any specific company catalyst. Investors continue to favor large-cap semiconductor names, even as broader market sentiment weakens. Benzinga Edge Stock Rankings indicate TSMC stock has a Momentum score in the 90th percentile and a Value score in the 26th percentile. Disclai...
The Bullish Trade The TSMC Trade TSMC’s recent stock movement is attributed more to relative-strength positioning rather than any specific company catalyst. Investors continue to favor large-cap semiconductor names, even as broader market sentiment weakens. Benzinga Edge Stock Rankings indicate TSMC stock has a Momentum score in the 90th percentile and a Value score in the 26th percentile. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: PJ McDonnell on Shutterstock.com