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It was selling out in the US from launch until about fall of this year, so it's pretty hard to convincingly prove anything in that regard.

It's still fairly safe to say that a favorable exchange rate did mean more units allocated to EU meant better profit margins for Nintendo.

Whether or not that directly translated to lower sales due to lower inventory and higher demand in the US is open to debate. Demand doesn't rise due to lower inventory levels: it just means demand is not being met by current supply.

Whether or not you believe that means people think this merits a run on supply (as in "oh no, they aren't making any more consoles so I must buy them all now.") is a personal interpretation.