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Nintendo is about as conservative as companies come ...

I would expect that for Q1 (at least) Nintendo will continue with production in the 1.8 Million console/month range, if supply is still tight (or, at least, stockpiles are not growing too quickly) Nintendo may increase production to 2+ Million consoles per month in Q2; they will then determine whether their new level of hardware production is adequate to meet demand through out the entire year.