I do think nintendos initial shipment of 2 million is very conservative and needs to be increased.
The thing is, it all depends on what you percieve the Switch to be. I know nintendo is trying to market this as a home console, but just as many people are going to see a super powerful handheld.
For reference the 3DS, wich launched in a very similar time window did 3,6 million in about 4 weeks at 250$ price tag. That was the most successfull console launch in history at the time. (Nintendo always has successful launches. The WiiU had a successfull launch, yet both systems still struggled for the next six months. 3DS managed to recover, WiiU didn't)
Also, the PS4 and Xone both had staggered releases, while the Switch at launch covers all major territories.
If you think the Switch is a home console, then yes ninteno stocked adequately to only slightly undestocked. But if you view it as a handheld nintendo is understocking by about 2 million.
We know Gamestop has a 250.000 people waiting list for the Switch already so we can safely say that in the US Nintendos initial Shipment will cover only 2/3 or less of the demand. They might be surprised by the high demand, but based off their expierience with handheldsystems they Shouldn't be. Seeing that they are releasing a hybrid system in all major territories at once initial Shipment should have been at least 3 million.
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