Nintendo switches are sold out in a new coronavirus outbreak
Home staying is so boring...Listening to the body of 'this' with twice the amount of money sold out worldwide
Nintendo Co., a Japanese game company, is enjoying a special demand for the new coronavirus.
The global blockade has increased the number of people staying inside and playing games, and the popularity of popular movies has increased, but the supply of Chinese factories is not stable, resulting in a shortage of goods in Korea, Japan, and the United States. It even happens when the government has to pay more than twice the regular price.
According to U.S. online media Quartz on Thursday (local time), Nintendo switches are sold out at major companies such as Best Buy, Target, Wal-Mart, and Game Stop. On second-hand trading websites such as Amazon and Craigslist, switch products are priced 50 to 100 percent higher.
At the e-commerce company Amazon, Nintendo Switch products are selling at a higher price than the original price.
Nintendo responded that Nintendo's switch devices are out of stock at a number of U.S. retailers, but it is continuing to increase production.
The Nintendo shortage began in February. Bloomberg reported that the Covid-19 spread, causing disruptions in production facilities in China and Vietnam, making it difficult to get goods from Japan, and that the phenomenon will expand to the United States and Europe by April.
Nintendo switches are mostly produced at Foxconn's plant in China, according to market research firm New State. The plant has not been operating normally for nearly a month since the end of January due to the Covid-19. Analysts say that time is still needed for the plant to be fully operational. It is predicted that a large amount of U.S. supplies will not be available until the middle of this month.
Hollywood actor Bree Larson, who starred in the film "Captain Marvel," said he was enjoying the game "Animal Forest."
The overall demand for game equipment has exploded as supply is running and global blockades have prevented them from going out.
When Italy imposed a nationwide blockade in early March, demand for video games soared 84 percent in the first week of the blockade. In Spain, sales rose 27.7 percent a week after the blockade was taken, while sales rose 66.1 percent as it entered the second week. In France, the first week of the blockade saw a 140.6 percent increase
Nintendo Switch accounted for 52 percent of all video game sales in Europe, the Middle East, Africa, and Asia, it is analyzed that Nintendo accounted for more than half of all video game sales.
Furthermore, Nintendo's release of its new "Animal Forest" on April 20 contributed to the rise in demand. In the first week of the "Animal Forest" launch, Quartz reported that the record sales of games for Nintendo switches were achieved in Japan and the U.K. on the same day, and that 1.8 million copies were sold in Japan in just three days after its release.
The New York Times article about Nintendo's "Animal Forest" game on March 31.
On March 31, the New York Times published an article titled "Animal Forest is the best way to spend a quarantine period where going out is prohibited," and also said that "Animal Forest" offers an opportunity to experience similar to everyday life in a situation where social streetkeeping and going out are prohibited. In addition, Hollywood actor Brie Larson, who starred in the film "Captain Marvel," and famous hip-hop musician Lil Nas X posted a proof shot of "Animal Forest" on social media.
Likewise, the Nintendo Switch is out of stock in Korea. The product, priced at 360,000 won, has risen to between 600,000 won and 900,000 won at various online shopping malls, and some companies are incurring consumer resentment by bundling it with other malicious inventories. Sometimes when information about Nintendo Switch products is shared, a queue is formed in front of the store or sold out online in just a few minutes.
CNBC said, "Thanks to the recent decline in the Dow Jones Industrial Average and the S&P500 Index in the U.S., game-related listing index funds (ETF) have actually risen or fallen at 5 percent." However, the speciality of the game industry is expected to be temporary until the blockade is lifted.