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Sorry El Duderino, but I just read the beginning of Roadkillers new thread and decided to go on a research trip, and I think this shows what happens to stock quite well (as long as you read the rather long explanation to understand where I am coming from)

I think it shows that the extent of any stockpiling done last year was minimal, and was generally just reserved stock for the end of each quarter so Ninty could start the next one with a bang... it shows also where the airfreighting occured (and that there was also something like it for Christmas 2006, which I didn't mention in the OP)

and it also seems to show that Nintendo don't actually have any kind of reasonable stockpile at the moment (assuming production is still 1.8mil/month)

Perhaps if March sales shows less than 1.7 million in total then we will be able to assume stockpiling for China or whatever, but if it turns out March and April are both around 1.8 million per month, then Nintendo is merely back on track after having to ship consoles by air in December and January.

 

Edit. Thanks Ringo.