Nintendo Co. (TYO:7974) President Shuntaro Furukawa said that 2.2 million Japanese customers applied for the Switch 2 pre-order lottery via My Nintendo Store-far exceeding supply for the June 5 launch.
With winners announced April 24, many applicants will be automatically entered into a second lottery, though stock remains insufficient, according to the group's X post recently.
To address demand, Nintendo is boosting production and expanding pre-orders to retailers nationwide starting April 24.
The company apologized for shortages, citing unprecedented interest despite prior preparations.
Nintendo Co.'s shares gained nearly 6% at market close.
Price (JPY): $11000.00, Change: $+590, Percent Change: +5.62%
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