5 Companies That Benefit From Nintendo Switch Sales
Nintendo's (NASDAQOTH: NTDOY) Switch console reportedly outsold Sony's PS4 in the U.S. and Japan over the last few months, and that trend could continue through the holiday season. The company sold nearly 2 million Switch units during its first full quarter on the market (which ended in June) and sees shipments hitting 10 million total by next March.
That would be significantly lower than the 62 million PS4s on the market today, but it would mark a huge improvement over Nintendo's Wii U, which only reached 14 million shipments during its five years on the market.
The Switch's impressive debut has helped lift Nintendo's stock price by over 70% this year, but investors should also pay attention to five of its biggest suppliers -- NVIDIA (NASDAQ: NVDA), Cypress Semiconductor (NASDAQ: CY), Maxim Integrated Products (NASDAQ: MXIM), Toshiba (NASDAQOTH: TOSBF), and Samsung (NASDAQOTH: SSNLF) and how Switch sales can affect them.
Source: Fool.com
NVIDIA Corp. Stock
Currently there is a rather positive sentiment for NVIDIA Corp. with 190 Buy predictions and 9 Sell predictions.
As a result the target price of 110 € shows a slightly positive potential of 5.65% compared to the current price of 104.12 € for NVIDIA Corp..
