Nintendo Switch Stock to Double in Size to Meet Consumer Demand
The Nintendo Switch stock is about to double in size to meet the rising demands of consumers. There simply weren’t enough units available for sale when considering the amount of individuals and families waiting in anticipation. In fact, “stores across the country” were packed the night before the console’s launch with people lining up out the doors late into the night just to get their hands on one. With the Nintendo Switch’s release, it became one of the “most successful gaming console” debuts for GameStop in many years. However, due to the high demand and lack of inventory, that spelled bad news for the company. This is also due in part by the fact that hype can die out very quickly.
The longer needs and desires are not being met, the more time people have to contemplate their purchase choices and read reviews and wonder – is it worth the hundreds of dollars I would be spending? Well, let’s hope it won’t be too late for Nintendo. Several news outlets are reporting the slow-down in sales, stating that it’s possible the extensive publicity and anticipation for something new has lost its magic. On the other hand, you can’t make console sales if there are none to be sold. That’s an aspect that should be heavily considered.
According to The Wall Street Journal, the before mentioned company plans to double the production of console units than initially intended. Between the months of April 2017 and March 2018, the intention was to manufacture only 8 million console. Instead, they will pump it up to 16 million units. With the extent of these numbers – that’s a huge leap. In other words, Nintendo Switch stock and inventory across the United States may very well skyrocket, including other regions across the globe.
Dependent up on whether or not the company has taken into account what DFC Intelligence has to say about the projected sale within 4 years, this may only spell the beginning of their success. By the year 2020, market research and statistics suggests a humble prediction of 40 million units sold. For the sake of comparison, over 100 million original Wii consoles were sold during its time, and the PS4 has sold approximately 54 million since 2013.
What do you think of Nintendo’s move to double their production size? Have you had a chance to get your very own? What do you think of it? Feel free to let us know in the comments section below or begin your own conversation on Don’t Feed the Gamers Disqus channel! To stay up to date on the latest news in the gaming world, follow us on Facebook and Twitter!
Hoi Duong2078 Posts
Hoi is an elusive figure at DFTG, whose favorite past-times include chillin' in the Fade, reading manga, watching anime, collecting novelty items, and gaming.