Anticipated Nintendo Switch 2 consoles sales in Japan surpass available stocks
Rewritten Article:
Nintendo's shares soared on Thursday, following the gaming giant's announcement of robust pre-orders for the highly anticipated Switch 2 console in Japan. The forthcoming console, expected to hit global markets on June 5, is practically breathing down the necks of the PlayStation 2 and the Nintendo DS, claiming the title of the third best-selling console ever.
Since nearly 90% of Nintendo's revenue relies on the success of the Switch, analysts are keeping a close eye on this anticipated release. An official post, seemingly penned by company president Shuntaro Furukawa, revealed that an impressive 2.2 million pre-order applications had flooded in from Japan alone. Stating that this figure surpassed the initial expectations and outstripped the available supply on the release date, the post apologized for the impending lottery that would determine lucky buyers.
In the wake of the bullish announcement, shares in the Kyoto-based company climbed as much as 5.5 percent. Nintendo unveiled details about the Switch 2 in early April, revealing a hybrid console reminiscent of its predecessor, capable of both on-the-go and TV play. However, its price tag, coming in at over a third more than the original Switch in major markets such as the United States ($449.99), has sparked some raised eyebrows. Japanese consumers will enjoy a slightly cheaper price point, with the local version set at 49,980 yen ($350).
Industry research firm Niko Partners recently stated that strained global trade relations and increased component costs make it unlikely that we'll see a significant price drop in the next five years. In response, Nintendo postponed pre-orders for the Switch 2 in the United States due to the uncertainties generated by US President Donald Trump's trade levies.
Amid the incredible demand, Japan's lottery system is intended to manage the volume of pre-orders and ensure a fair distribution, preventing a potential fed-up fanbase and retailer abuses. This system will help determine the lucky winners when the results are announced on Thursday.
Experts project strong global demand for the Nintendo Switch 2, with supply forecasts of 6-8 million units at launch and annual sales estimates of 14.7 million units by 2025, surpassing the original Switch's first-year performance by approximately 10%. Japan's overwhelming interest reflects a global pre-order-equivalent demand of around 9 million units. This exciting demand is driven by an active user base, exclusive titles like Mario Kart World, and a substantial manufacturing scale that outdoes the debut shipments of both PlayStation 4/5.
- On Wednesday, thelottery system in Japan was assessed to manage the volume of pre-orders for the Nintendo Switch 2, as the demand for the device surpassed the available supply on its release date, with over 2.2 million pre-order applications received from Japan alone.
- The high demand for the Nintendo Switch 2 makes it unlikely that there will be a significant price drop in the next five years, according to industry research firm Niko Partners, due to strained global trade relations and increased component costs.
- In response to the uncertainties generated by US President Donald Trump’s trade levies, Nintendo postponed pre-orders for the Switch 2 in the United States.
- Amid the strong global demand, the upcoming Gadget, the Nintendo Switch 2, is projected to surpass the original Switch’s first-year performance by approximately 10%.
- The world trade sector is closely following the successful pre-orders for the Switch 2 console in Japan, as the console competes with the PlayStation 2 and the Nintendo DS for the title of the third best-selling console ever.
- The strong sales performance of the gaming giant Nintendo is reflective of the company's reliance on the success of the Switch, as nearly 90% of its revenue depends on the console's sales.
