Menu

Search

  |   Technology

Menu

  |   Technology

Search

GameStop Runs Out Of Nintendo Switch Units Before Launch, No More Pre-Orders

Nintendo Switch.BagoGames/Flickr

Nintendo recently announced details regarding its upcoming portable home console called the Switch, providing gamers with the nitty-gritty details that they have been looking for. As such, it’s not a huge shock that pre-orders for the unit have surged so far that GameStop no longer has any to offer, and the Switch hasn’t even launched yet. While gamers seem excited, however, investors feel differently.

As of right now, GameStop has stopped taking pre-orders for the Nintendo Switch because its allotment of the console has been blown through, Polygon reports. Looking at other major retailers to pre-order the unit is also likely a useless endeavor because it isn’t available anywhere else.

The Switch is scheduled to become available for purchase on March 3rd, which is when it will become available to retailers like Amazon, Target, and Toys R Us. Both Walmart and Best Buy also have the product listed as unavailable right now.

The games that are coming with the Switch on launch, however, are a different story since some of them are still available for pre-order. Then again, since those games aren’t going to be worth anything unless the customer had the console, it might not be worth it to actually get them to begin with.

Even though gamers are showing enthusiasm in supporting Nintendo with its latest console offering, it would seem that investors have a rather cool view of its prospects. The Japanese video game company’s shares dropped by 5.9 percent last Friday, Bloomberg reports, and the stocks plummeted by 3.6 percent on Monday.

The drop started trickling in when Nintendo released details about the Switch, including battery time, specs, and the games that are going to be available during launch. Over the weekend, Nintendo’s market value decline stood at $2.7 billion. Everything hinges on the company’s bet that the console would take off.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

March 29 14:00 UTC Released

USPending Sales Change MM

Actual

5.5 %

Forecast

2.4 %

Previous

-2.8 %

March 29 14:00 UTC Released

USPending Homes Index

Actual

112.3 %

Forecast

Previous

106.4 %

March 29 23:50 UTC 6060m

JPForeign Bond Investment

Actual

Forecast

Previous

149.4 bln JPY

March 29 23:50 UTC 6060m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-580.4 bln JPY

March 30 00:00 UTC 7070m

AUHIA New Home Sales m/m

Actual

Forecast

Previous

-2.2 %

March 30 00:01 UTC 7171m

BRTJLP Lending Rate*

Actual

Forecast

7.50 %

Previous

7.50 %

March 30 06:00 UTC 430430m

ZAM3 Money Supply YY*

Actual

Forecast

7.90 %

Previous

7.91 %

March 30 06:00 UTC 430430m

ZAPvt Sector Credit Ext.*

Actual

Forecast

5.21 %

Previous

5.56 %

March 30 07:00 UTC 490490m

DESN State CPI MM*

Actual

Forecast

Previous

0.5 %

March 30 07:00 UTC 490490m

DESN State CPI YY*

Actual

Forecast

Previous

2.4 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.