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Farsala said:

I just realized that Nintendo's strategy to combat the scalpers with different pricing is actually just plain stupid. Now, Japanese and other people can buy the Japanese only version and super scalp them to Japanese customers. Nintendo themselves gives you a good profit margin. Buy it for 50,000 yen then resell it to a willing Japanese customer for 70,000 yen, the same price as the international version. It will probably be sold out for months or years.

This 2.2m is probably part of that demand for scalping.

I mean, those 2,2 million include only people who fulfilled the NSO and gametime requirements and then it only secures you 1 spot in the lottery for 1 system.

That‘s not really efficient for scalping at all and actually points to this being genuine demand for the most part.

Now, will this generate MORE demand as lotteries open at general retailers and scalpers try to get in on the launch? For sure. But the demand is shaping up to be huge, even without scalping.