U.S. markets close in 2 hours 46 minutes

  • S&P 500

    4,228.97
    -3.63 (-0.09%)
     

  • Dow 30

    35,008.81
    +231.05 (+0.66%)
     

  • Nasdaq

    13,552.63
    -199.61 (-1.45%)
     

  • Russell 2000

    2,249.68
    -21.95 (-0.97%)
     

  • Crude Oil

    64.95
    +0.05 (+0.08%)
     

  • Gold

    1,837.10
    +5.80 (+0.32%)
     

  • Silver

    27.52
    +0.04 (+0.16%)
     

  • EUR/USD

    1.2160
    -0.0009 (-0.07%)
     

  • 10-Yr Bond

    1.5900
    +0.0130 (+0.82%)
     

  • GBP/USD

    1.4137
    +0.0147 (+1.05%)
     

  • USD/JPY

    108.8280
    +0.2460 (+0.23%)
     

  • BTC-USD

    57,617.33
    +63.74 (+0.11%)
     

  • CMC Crypto 200

    1,541.04
    -20.25 (-1.30%)
     

  • FTSE 100

    7,123.68
    -6.03 (-0.08%)
     

  • Nikkei 225

    29,518.34
    +160.52 (+0.55%)
     

Respiratory Devices And Equipment (Diagnostic) Global Market Report 2021: COVID 19 Growth And Change to 2030

ReportLinker
·4 min read

Major players in the respiratory devices and equipment (diagnostic) market are ResMed. Inc. , Medtronic PLC, Massimo Corporation, Fisher & Paykel Healthcare Limited, Koninklijke Philips N. V. , Smiths Medical, GE Healthcare, Chart Industries, Philips Healthcare, Becton Dickinson and Company.

New York, May 10, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Respiratory Devices And Equipment (Diagnostic) Global Market Report 2021: COVID 19 Growth And Change to 2030" - https://www.reportlinker.com/p06071090/?utm_source=GNW


The global respiratory devices and equipment (diagnostic) market is expected to grow from $5.804 billion in 2020 to $6.233 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.583 billion in 2025 at a CAGR of 8%.

The respiratory devices and equipment (diagnostic) market consist of sales of diagnostic respiratory devices and equipment and related services by entities (organizations, sole traders, and partnerships) that manufacture respiratory devices and equipment.Respiratory devices and equipment are used in the diagnosis of respiratory disorders such as asthma, cystic fibrosis, and chronic obstructive pulmonary disease.

Only goods and services traded between entities or sold to end consumers are included.

Companies in the market are increasingly investing in portable and wireless diagnostic respiratory devices.The trend is being driven by the ease of handling, cost-effectiveness, advanced features of these devices, and their suitability for use at home care organizations.

Innovative technology-enabled portable respiratory devices are being launched into the market, which unlike traditional devices, can be used for immediate diagnosis of vital signs, for example, the patients’ respiratory rate and the pulse rate. For instance, in 2019, the US Food and Drug Administration approved MediPines Corporation’s non-invasive portable medical device, which provides clinicians with real-time pulmonary parameters and insights to support rapid triage and treatment decisions for respiratory conditions.

The respiratory devices and equipment (diagnostic) market covered in this report is segmented by product into instruments and devices; assays and reagents. It is also segmented by test type into traditional diagnostic tests; mechanical tests; imaging tests; molecular diagnostic tests, by disease type into chronic obstructive pulmonary disease; lung cancer; asthma; tuberculosis; other diseases and by end user: hospital/clinical laboratories; physician offices; reference laboratories; other end users.

In June 2020, AireHealth acquired BreathResearch for an undisclosed amount.The deal comprises the acquisition of IP, research, and patents, which include work on machine learning analytics for respiratory condition tracking.

BreathResearch is a US-based company engaged in converting the airwaves of breathing into sound waves producing new respiratory analytics which improves health, fitness, and performance.

The increasing prevalence of various respiratory diseases contributed to the global respiratory devices and equipment market’s growth by increasing the use of diagnostic devices and equipment for diagnosis and treatment.Diseases such as chronic obstructive pulmonary disease (COPD) are more prevalent in the geriatric population.

COPD is a type of obstructive lung disease that results in long-term breathing problems.According to the United Nations (UN), the global geriatric population was 962 million in 2017.

Also, the Global Burden of Disease Study reported a prevalence of 251 million cases of COPD globally in 2016. In Canada, 3.8 million people over the age of one are living with asthma and 2.0 million are living with chronic obstructive pulmonary disease (COPD) in 2018, both of which can impact a person’s ability to breathe. Thus, the increased number of such cases has surged the demand for diagnostic devices and equipment, therefore driving the market’s growth.

Stringent regulatory practices are expected to negatively impact the growth of diagnostic respiratory devices in the forecast period.In the USA, respiratory devices undergo a strict approval process as they come under Class III devices (that pose a significant risk to patients) as per the Food and Drug Administration (FDA) classification of medical devices.

These devices require clinical evidence that supports their intended use unlike, Class I and II devices, to receive marketing approval.In countries such as China, the approval process for medical devices, especially for devices used for support or sustenance, is strict and time-consuming.

Such a process has slowed the entry of medical devices into the market, thus restraining the growth.
Read the full report: https://www.reportlinker.com/p06071090/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001


Recommended Stories

  • Russian cybercriminals just pulled off a devastating attack inside the US

    Unless operations are restored by Tuesday at the major US fuel pipeline that a Russian gang of cybercriminals hit with a ransomware attack on Friday, problems are going to start mounting, rapidly. First impacting the Atlanta area as well as Tennessee, and then snowballing all the way up to New York State, according to a worst-case scenario prediction that oil market analyst Gaurav Sharma has shared with the BBC. In other words, the fallout from the attack on Colonial Pipeline, which runs the largest US fuel pipeline system, could get ugly really fast. By late Sunday evening, word was only just beginning to circulate about the culprits believed to be responsible for this attack against what one official described as no less than the “jugular” of the US pipeline system. “It’s the most significant, successful attack on energy infrastructure we know of in the United States.," energy researcher Amy Myers Jaffe told Politico. And rather than well-resourced hackers working with the imprimatur and backing of a nation-state (like China or Iran), experts have zeroed in on an outfit called DarkSide, described as a relatively new but experienced band of Russian hackers who have a quasi-professional operation and basically exploded onto the hacking scene. It was only a little over a week ago now when we last noted that Russian hackers are getting increasingly brazen in their attacks on targets in the US -- like the one against the Washington DC Metropolitan Police Department, which was targeted by a ransomware group calling itself Babuk. Unless the cops paid up, the hackers threatened to publicize sensitive information stolen from the department's computer network. The Colonial Pipeline attack, of course, is exponentially worse. For one thing, its network carries 45% of the fuel consumed by the US East Coast. Major installations like the Hartsfield-Jackson Atlanta International Airport, which until this year was ranked as the world's busiest airport, receive fuel from Colonial Pipeline, as do military bases across the pipeline's footprint. https://twitter.com/jasonbordoff/status/1391107214513934340 Other key facts about Colonial Pipeline, and this security incident: Colonial's 5,500-mile system stretches from Houston, Texas, all the way up to New Jersey, and it transports more than 2.5 million barrels of fuel each day. Don't start looking for an impact on prices at the pump until the pipeline outage has lasted longer than three days, one expert told Reuters. (An important caveat: If Americans start rushing out to buy gas, thinking prices are going to spike soon and they want to beat that upswing, that could help cause the very problem they want to avoid). The Southeast US seems to be most vulnerable, as things stand now. Major population centers on the East Coast can source fuel from elsewhere, including Europe if needed (though that brings its own problems). For a bit of additional historical context, when a leak in the Colonial Pipeline system in Georgia required the line to be shut down for more than a week in 2016, that led gas prices to climb by more than 30 cents a gallon. President Biden on Sunday declared a state of emergency over this ransomware incident, which includes the hackers stealing almost 100GB of data from the pipeline operator's network prior to locking the system and demanding payment. On Sunday, Colonial Pipeline released a statement that read, in part: "While our mainlines (Lines 1,2,3, and 4) remain offline, some smaller lateral lines between terminals and delivery points are now operational. We are in the process of restoring service to other laterals and will bring our full system back online only when we believe it is safe to do so, and in full compliance with the approval of all federal regulations." Cybersecurity-focused journalist Kim Zetter has a fantastic Substack newsletter, Zero Day, that took a closer look at this incident in a new edition over the weekend. Among some of the highlights that jumped out at me in her reporting, she was told by a source who works for "a large midstream oil company that feeds fuel into Colonial's pipeline" that his own company is having to scramble to figure out what to do with fuel in the meantime that they have sitting in tanks which needs to be delivered to Colonial. "We gotta find storage for refiners (and we) might run out (of storage) if it takes too long," the source told Zetter. "Then refineries (will have to) cut back. Problem escalates." And even though Colonial has said only its corporate IT network was infected by the Russian gang's ransomware -- and that Colonial shut down its operational network out of caution -- the unnamed source mentioned above also told Zero Day that he suspects, but doesn't know for sure, that something Colonial needs in order to restart the pipeline might be locked in the ransomware attack. His guess is Colonial's system for billing customers. https://twitter.com/DAlperovitch/status/1391595348418834432

  • Top U.K. CEOs’ Total Pay Falls by $1 Million, PwC Report Shows

    (Bloomberg) -- More than half of the chief executives at the U.K.’s biggest listed companies have had their salaries frozen this year, while a cut in bonuses means their average total compensation fell by more than $1 million, according to analysis by PwC.Reduced bonuses for 2020 trimmed average total pay to around 3.5 million pounds ($4.9 million) from about 4.3 million pounds, according to PwC’s analysis of the first 50 FTSE 100 companies to publish their 2021 annual remuneration reports. About one-third of the companies have reduced, waived or canceled chief executive officer bonuses for last year.The drop in executive pay comes after the coronavirus pandemic left millions in the U.K. unemployed or on a government furlough program, as some businesses were forced to temporarily close to curb the spread of the virus. The benchmark FTSE 100 Index plunged in February and March of 2020, and remains below pre-pandemic levels.“It is clear from the pay outcomes we have seen to date in the FTSE 100 that companies have exercised restraint when it comes to both determining outcomes for the 2020 performance year and setting pay on a forward looking basis for 2021,” Phillippa O’Connor, reward and employment leader at PwC, said in a statement.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Stratospheric rise in COVID cases, deaths shows no signs of slowing in India

    CBS News foreign correspondent Chris Livesay reports on the ongoing coronavirus crisis gripping India.

  • South Sudan's president Salva Kiir dissolves parliament

    It paves the way to appoint MPs from across the civil divide, fulfilling a promise made in a peace deal.

  • Wall Street Unleashes Old Tricks in $2.5 Trillion Crypto Jungle

    (Bloomberg) -- Wall Street traders like Trey Griggs are finding a new lease on life in the $2.5 trillion crypto Wild West.After two decades in energy trading, the 51-year-old was lured by a former Goldman Sachs Group Inc. colleague this February into a new world of market-making in digital currencies.Now he’s in fighting spirits -- unleashing old-school finance tricks to exploit the industry’s rampant inefficiencies, volatility and downright weirdness.“All the fun that used to be had 30 years ago in the commodity markets and is no longer fun -- that fun is now in crypto,” says the U.S. chief executive officer at GSR Markets in Houston.Griggs is among crypto newcomers deploying systematic strategies that are tried-and-tested in conventional asset classes -- price arbitrage, futures trading, options writing -- in a booming new corner of finance. As more mainstream investors get behind Bitcoin, boutique firms are joining the likes of Mike Novogratz in an ever-broadening crypto rally that keeps breaking records.For those who can stomach the price swings, the threat of exchange hacks and the byzantine market structure, complex fast-money trades are offering an alternative way to ride the digital mania.At GSR, the firm’s bread and butter is market-making, where traders pocket the spread between buy and sell orders.In stocks, that’s a nearly oligarchic business where the likes of Citadel Securities and Virtu Financial operate at lightning speed. In virtual currencies, where hundreds of exchanges offer free access at a slower pace, GSR can capitalize on the big volumes without splurging millions on high-frequency infrastructure.“Part of the tech we have is just to tell us did we actually trade or not, is this trade good or bad,” says GSR co-founder and former Goldman trader Richard Rosenblum. “We don’t want to be slower than our competitors, but it’s just not quite as much of the driver.”For every strategy in stocks, bonds or currencies rendered boring by low rates, regulation or market crowding, there’s a lucrative trade in a token lying across the hundreds of exchanges out there. Or so the thinking goes.Read More: Veterans of FX’s Wilder Days Are Loving Bitcoin’s VolatilityWhile crypto die-hards have made merry like this for years, the relentless rallies across the tokensphere this year are drawing more Wall Street converts seeking riches and new thrills.Take Mark Treinkman. After a career mostly at proprietary stock-trading shops like Chimera Securities, digital money is renewing his passion for quant trading.“I’ve been going through some of my old strategies and things that wouldn’t have worked in equities in decades have an edge in crypto still,” he says.A market-neutral strategy run by his $60 million firm BKCoin Capital gained 71% last year using investing styles that often include arbitraging different prices across exchanges and the gap between the spot and futures market.For a few minutes during trading on Wednesday, for example, the price of Ethereum Classic jumped well above $100 on the Coinbase exchange. The digital token was trading at less than $80 at other venues, offering an obvious opportunity for investors to make money simply by buying in one place and selling in another.It’s one of the best-known -- albeit diminishing -- discrepancies exploited by the likes of Alameda Research, a crypto trading firm filled with former traders from high-frequency shops. A famous example is the kimchi premium, the tendency for Bitcoin to trade higher in South Korea thanks to strong demand and the difficulty of moving money around to profit from the gap.With no one-stop prime broker to centralize trading books and offer clients leverage across venues, traders like Treinkman face plenty of challenges in their bid to arbitrage price gaps, but say the rewards are commensurate.And the opportunities pop up everywhere. For instance, when longer-dated futures in pretty much any asset class trade higher than the spot price -- known as contango -- the former almost always converges to the latter as the contracts mature.That’s popularized the crypto basis trade, where an investor goes long the spot rate and shorts the futures.When Bitcoin last peaked in mid-April, the December contracts were nearly 4% higher than August which were in turn about 2% higher than the spot reference rate, as speculators unleashed bets on rising prices. By contrast, the December oil contracts were trading beneath August’s on the same day, according to the data compiled by Bloomberg.“The crypto market is still dominated by retail investors who use excessive leverage and bid the premiums for futures,” said Nikita Fadeev, a fund manager at $60 million crypto unit at quant firm Fasanara Capital.Fasanara Digital also trades short-term momentum and a form of statistical arbitrage, which bets on gaps between various tokens eventually closing like when Ethereum is surging but Bitcoin isn’t.As assets grew, the fund recently appointed Laurent Marquis, the former co-head of derivatives at Citadel Securities, as chief risk officer, and Steve Mobbs, co-founder of quant fund Oxford Asset Management, as senior adviser.Over in Zug, Switzerland, St. Gotthard Fund Management has transformed from an old-school family office writing options on Swiss shares to a digital evangelist in its income strategy aiming to yield 8% a year. Just like in stocks, the investing style sells derivatives to take advantage of big demand to hedge price swings -- which causes the volatility priced into options to be higher than what’s likely to come to pass.For option writers like St. Gotthard, that means the premiums are much juicier, though they also come with a higher risk of having to actually pay out, like an insurer during an earthquake.“The major difference at the end of the day is how much premium retail investors are willing to pay,” says chief investment officer Daniel Egger. “On the other hand of course we’ve written calls we wished we hadn’t in those moves up.”In fact, going long crypto over the past year has proved the easiest and most profitable way to tap into the boom. And for those choosing the systematic route, competition is rising.For example, in order to get an edge in its market-making strategy, BKCoin has recently installed servers at Asian crypto exchanges, a move known as co-location in the high-frequency world of stocks. It’s a sign the industry is growing up fast.“In any emerging market we’ve seen these inefficiencies decrease over time,” said George Zarya, founder of Bequant, a crypto prime brokerage that caters to systematic traders. “There are more professional players that come in.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Crypto Market Value hits $2.5 Trillion as Ethereum Hits Record High

    Recording buying pressures on Ethereum and some altcoins have pushed the crypto market valuation to about 2.5 trillion.

  • One Junior Miner May Have Sparked A New Gold Rush In Canada

    An up-and-coming gold exploration company in Quebec may hit the jackpot in what could end up being a story even some of the most seasoned investors only ever dream of

  • Chip Shortage Affecting Bajaj Auto Very Badly: Director

    May.10 -- Rakesh Sharma, executive director of Bajaj Auto Ltd., one of India's largest makers of scooters and motorcycles, discusses the company's outlook amid the coronavirus pandemic and global shortage of semiconductors. He speaks with Rishaad Salamat and Haslinda Amin on "Bloomberg Markets: Asia."

  • U.S. Dollar Index (DX) Futures Technical Analysis – Closing Price Reversal Bottom Forms on Close Over 90.215

    The direction of the June U.S. Dollar Index on Monday is likely to be determined by trader reaction to 90.215.

  • Malaysia sues Deutsche Bank, JP Morgan, Coutts over 1MDB

    KUALA LUMPUR (Reuters) -Malaysia's now-defunct 1MDB state fund is suing units of Deutsche Bank, J.P. Morgan and Coutts & Co to recover billions in alleged losses from a corruption scandal at the fund, court documents seen by Reuters showed. 1MDB is claiming $1.11 billion from Deutsche Bank (Malaysia) Bhd, $800 million from J.P. Morgan (Switzerland) Ltd and $1.03 billion from a Swiss-based Coutts unit, and interest payments from all of them, according to the lawsuit. Malaysia's finance ministry said on Monday that 1MDB and a former unit had filed 22 civil suits seeking to recover more than $23 billion in assets from entities and people allegedly involved in defrauding the fund and its ex-subsidiary.

  • Bitcoin’s Waning Dominance Stirs Warning of Crypto Market Froth

    (Bloomberg) -- Parabolic jumps in digital tokens such as Ether, Dogecoin and Binance Coin are outshining Bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning.The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co. and DataTrek Research LLC may be a warning sign of investor excess in a range of digital tokens.Bitcoin’s waning dominance carries echoes of “froth” to the extent it’s being fueled “by a rally in other cryptocurrencies driven more by retail demand,” a JPMorgan team led by Nikolaos Panigirtzoglou wrote in a note Friday. DataTrek’s co-founder Nicholas Colas has indicated that history suggests tokens outside Bitcoin can drop “pretty quickly” when Bitcoin’s share hits 40%.Plenty of commentators have been fretting for some time that a stimulus-fueled peak is at hand in cryptocurrencies -- only to see them rally even more. But the worry is hard to shake in a sector that defies traditional investment analysis.The share of the largest cryptocurrency could be declining because investors are getting more comfortable with a wider array of tokens. Alternatively, retail traders may be chasing quick, speculative gains.“Even if you don’t invest in the space, this is worth tracking,” DataTrek’s Colas wrote in a recent note. He added that with more than $2 trillion now invested in virtual currencies, “a meaningful reset lower could also affect more traditional financial assets like equities.”For the JPMorgan team, the possible retail-driven froth in cryptocurrencies is a reminder of late 2017, when a crypto boom peaked.Ether RecordAmong the most notable moves in the crypto market Monday was Ether’s jump past $4,000 for the first time after a climb of more than 2,000% in the past year. The JPMorgan team said an analysis of activity on the affiliated Ethereum blockchain suggests a lower fair value of $1,000 for the token.Dogecoin -- which started as a joke in 2013 but is now a dominating Internet meme and sitting on a 20,000% advance in the past year -- captured the headlines over the weekend.First off, billionaire Elon Musk cited the token again, this time in a much-touted television appearance on the U.S. show Saturday Night Live. Later, it emerged that the cryptocurrency is apparently being used to pay for a lunar satellite launch with SpaceX, Musk’s commercial rocket firm.Dogecoin Used to Pay for Lunar Satellite Mission With SpaceXBitcoin was up 1.7% Monday at about $58,887 as of 8:30 a.m. in London. The largest cryptocurrency remains some way shy of April’s record of $64,870 after a pullback.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Price of Gold Fundamental Weekly Forecast – Rebounding Yields Could Weigh on Gold Prices

    Yields have already bounced back from Friday’s plunge which suggests the move may have been an overreaction to the jobs report miss.

  • Chip shortage in focus as Japan automakers ready to report profit drop

    While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production. Automakers worldwide have had to adjust or suspend production in the past few months as factors including a surge in demand for electronic devices plus U.S. sanctions against Chinese technology firms led to a dearth of semiconductors. Blackouts in Texas where a number of chipmakers have factories and a fire at Renesas Electronics Corp's chip plant in Japan have exacerbated the supply crunch.

  • Warren Buffett shares his 8 top takeaways from the COVID pandemic

    The legendary investor says these are the key lessons for investors and consumers.

  • Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

    Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalisation, jumped more than 6% to just below $4,175, and was last up around 2%.

  • Marriott CEO: We are seeing a really strong rebound in leisure and business travel

    Travel is on the mend, Marriott CEO Tony Capuano said on Yahoo Finance Live.

  • Crude Oil Price Update – Cyber-Attack on US Pipeline Likely to Lead to Heightened Volatility on Open

    The direction of the June WTI crude oil market on Monday is likely to be determined by trader reaction to the minor pivot at $64.84.

  • Sony Warns Tight PlayStation 5 Supply to Extend Into Next Year

    (Bloomberg) -- Sony Group Corp. warned a group of analysts the PlayStation 5 will remain in short supply through 2022, suggesting the company will be constrained in its ability to boost sales targets for its latest games console.While reporting financial results in late April, the Japanese conglomerate said it had sold 7.8 million units of the console through March 31, and it is aiming to sell at least 14.8 million units in the current fiscal year. That would keep it on pace to match the trajectory of the popular PlayStation 4, which has sold in excess of 115.9 million units to date.In a briefing after those results, Sony told analysts it is challenging to keep up with strong demand. The PS5 has been difficult to find in stock since its release in November, in part because of shortages in components such as semiconductors, and the company hasn’t given an official estimate for when it expects supply to normalize.“I don’t think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn’t be able to catch up with demand,” Chief Financial Officer Hiroki Totoki said at the briefing, according to several people who attended and asked not to be named as it wasn’t public.A Sony spokesman declined to comment.Sony said it would buy back up to 200 billion yen ($1.8 billion) of its own shares after reporting profit for the March quarter that fell short of analyst estimates. It forecast that operating profit would slide about 4% in the current fiscal year, but analysts have been weighing whether the company could exceed the conservative outlook with the help of strong demand for the new console and games.Shares have dropped about 8% since the earnings report on April 28, after rising 75% over the previous year.Read More About Sony’s Plans For The Year AheadTotoki told analysts that Sony needs to ramp up production as soon as possible and make sure there are consoles on store shelves. Demand will remain high regardless of the Covid-19 situation, the CFO assured an analyst wary about Sony’s ability to fully capitalize on the stay-at-home entertainment surge triggered by lockdowns and emergency orders.“We have sold more than 100 million units of the PlayStation 4 and considering our market share and reputation, I can’t imagine demand dropping easily,” he said.Still, the company’s latest earnings report suggests that stay-at-home demand is leveling off. Sony said monthly active users on PlayStation Network fell to 109 million at the end of the January-March period from 114 million a quarter earlier and sales of full games also declined in the period from a year earlier.Rival Nintendo Co. warned last week that component shortages could affect production. It’s officially targeting sales of 25.5 million consoles in the year ending March 2022, down slightly from the previous year. But internally, Nintendo’s management is said to be shooting for production of between 28 and 29 million consoles, Bloomberg News has reported.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bond Traders Lift 5-Year Inflation Outlook to Highest Since 2006

    (Bloomberg) -- Bond market expectations for the pace of consumer price inflation over the coming half decade surged on Monday to the highest level since 2006.The five-year breakeven rate, a measure based on the yield gap between inflation-linked debt and non-inflation securities, climbed as much as 3.4 basis points to 2.7327%, eclipsing a high from 2008. Meanwhile, nominal rates were kept relatively in check, with the five-year yield around one basis point lower at 0.76%.Monday’s jump in breakeven rates comes amid a surge in prices for oil products after a cyber attack shut down a key U.S. pipeline. It adds to a longer-term uptick in inflation expectations that’s been fueled by improving prospects for growth, plans for infrastructure spending and pandemic-related stimulus measures.But the comparatively calmer environment around nominal yields indicates some investors remain hesitant about whether inflation expectations will be realized, and how long-lasting any economic momentum will be. Futures are still pricing in the Federal Reserve to hike rates in the first quarter of 2023, unchanged from where it was last week.“The market is focused on whether the big structural factors holding down inflation for decades will become unleashed, and overwhelm the big economic strength we see right now.” says Thomas Graff, a portfolio manager at Brown Advisory.Gasoline futures traded at a nearly three-year high, bolstering expected inflation accruals for Treasury securities that are tied to the consumer-price index. Shorter-dated Treasury Inflation Protected Securities also got support from the Fed’s purchase schedule, which Tuesday targets $2.425 billion of TIPS maturing in 1 to 7.5 years.Breakevens got a boost Friday in the wake of a weaker-than-expected U.S. jobs report, with some market observers speculating that the labor-market situation could fuel wage inflation.(Adds Fed bets in fourth graph, quote in fifth, updates levels throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Investors chide Toyota's Toyoda for questioning combustion car ban

    Some Toyota Motor shareholders have criticized its President Akio Toyoda for questioning Japan's plans to ban conventional cars only days after the firm said it was reviewing its climate lobbying and aimed for carbon neutrality by 2050. The five investors, who collectively have around $500 billion in assets under management and spoke exclusively to Reuters, said the carmaker risks falling behind competitors that are rolling out electric vehicles, while giving cover for other companies seeking to avoid big changes to meet climate goals. Japan's Toyota signalled a shift in its climate change stance last month when it said it would review its lobbying and be more transparent on what steps it was taking as it responded to increased activist and investor pressure.