2.2 million people applied for the Switch 2 preorder lottery on the Japanese My Nintendo store alone

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Zippy6 said:

With the Switch 2 being so cheap in Japan it's no surprise demand is through the roof.

The Japanese price may seem low in terms its dollar equivalent, but that's cos the yen is very weak right now.

By Japanese standards it's not cheap; it costs 50% more than the Switch 1 for instance.