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Forums - Nintendo - Any word on how this thing is selling?

CladInShadows said:
EB Games in Canada kept crashing. But somehow people got in to buy it because it says sold out now. Super pissed.
Dulfite said:
Woot was able to order one on Amazon America!
dgboweniii said:
Just pre-ordered mine of amazon....

If the Switch falls in price later in the year, are you going to be pissed?



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Alkibiádēs said:
Boutros said:
It's not actually sold out anywhere. That's Nintendo's (now all too obvious) tactic to raise demand by creating artificial rarity. They've been doing that for years now.

And how does artificial rarity raise demand? Do you honestly believe that? So because someone can't buy something another guy will want to buy it even though he never wanted it before... Yeah, that makes no sense. 

That's exactly what it is in fact lol

These are not my words but it describes well the effect of artificial rarity:

"Buzz is only part of it. Artificial scarcity has three results. First, there is the media cycle. People online complaining that it's sold out everywhere and that only scalpers got them is a factor that creates awareness on a grander scale.

Second, it creates a perceived need for the product. Act now or it'll vanish forever, or so the mentality dictates. Nintendo's lack of transparency on amiibo is an example of this. Nintendo unequivocally said that some amiibo would not be replenished in the future. This was after Villager, Marth, and Wii Fit Trainer sold out. At that point, when amiibo released, people bought them with increased fervor because they might be gone. In the end they all got many restocks and are readily available now.

Lastly, it's beneficial to Nintendo from a manyfacturing standpoint. If the NES classic is sold out everywhere as we are hearing, that equates to 100% sell through for the initial shipment. Nintendo is not left stuck with warehouses full of unsold units, the opposite of what happened with Wii U.

For a $60 stocking stuffer, this is an inexcusable situation from a consumer standpoint. However, if you're Nintendo, this is looking pretty darn good about now. Everyone wants an NES Classic, and they will scoop them up the moment stores get them in stock."

 

So now not only people who are interested in the actual product want it but also people who might see an opportunity to sell it at a higher price are interested. You're more likely to buy something you know you can sell and make money doing it.



Boutros said:
Alkibiádēs said:

And how does artificial rarity raise demand? Do you honestly believe that? So because someone can't buy something another guy will want to buy it even though he never wanted it before... Yeah, that makes no sense. 

That's exactly what it is in fact lol

These are not my words but it describes well the effect of artificial rarity:

"Buzz is only part of it. Artificial scarcity has three results. First, there is the media cycle. People online complaining that it's sold out everywhere and that only scalpers got them is a factor that creates awareness on a grander scale.

Second, it creates a perceived need for the product. Act now or it'll vanish forever, or so the mentality dictates. Nintendo's lack of transparency on amiibo is an example of this. Nintendo unequivocally said that some amiibo would not be replenished in the future. This was after Villager, Marth, and Wii Fit Trainer sold out. At that point, when amiibo released, people bought them with increased fervor because they might be gone. In the end they all got many restocks and are readily available now.

Lastly, it's beneficial to Nintendo from a manyfacturing standpoint. If the NES classic is sold out everywhere as we are hearing, that equates to 100% sell through for the initial shipment. Nintendo is not left stuck with warehouses full of unsold units, the opposite of what happened with Wii U.

For a $60 stocking stuffer, this is an inexcusable situation from a consumer standpoint. However, if you're Nintendo, this is looking pretty darn good about now. Everyone wants an NES Classic, and they will scoop them up the moment stores get them in stock."

Please provide me a single scientific study that this actually works (because it doesn't, it's bogus). 



"The strong do what they can and the weak suffer what they must" - Thoukydides

Alkibiádēs said:

Please provide me a single scientific study that this actually works (because it doesn't, it's bogus). 

There's no way you had enough time to read the actual post so no I will no be wasting my time with someone who is clearly closed-minded about the subject. You can also Google about it. There's a lot of information on the matter.



Boutros said:
Alkibiádēs said:

Please provide me a single scientific study that this actually works (because it doesn't, it's bogus). 

There's no way you had enough time to read the actual post so no I will no be wasting my time with someone who is clearly closed-minded about the subject. You can also Google about it. There's a lot of information on the matter.

You must be one hell of a slow reader. 

The only way you can prove artificial scarcity theory works is by providing a statistical study. Anything else is just baseless reasoning. 



"The strong do what they can and the weak suffer what they must" - Thoukydides

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Alkibiádēs said:
Boutros said:

There's no way you had enough time to read the actual post so no I will no be wasting my time with someone who is clearly closed-minded about the subject. You can also Google about it. There's a lot of information on the matter.

You must be one hell of a slow reader. 

The only way you can prove artificial scarcity theory works is by providing a statistical study. Anything else is just baseless reasoning. 

Nintendo has been doing it since the NES. They don't need studies to confirm that it works. They know it by now. And it's a brilliant tactic in fact. But it's not one any company can just pull out of the blue.

This is another great article about it:

https://eaves.ca/2008/12/11/wiinomics-nintendos-scarcity-strategy-keeps-paying-dividends/



KLAMarine said:
CladInShadows said:
EB Games in Canada kept crashing. But somehow people got in to buy it because it says sold out now. Super pissed.
Dulfite said:
Woot was able to order one on Amazon America!
dgboweniii said:
Just pre-ordered mine of amazon....

If the Switch falls in price later in the year, are you going to be pissed?

No, because I bought the 3ds for $250 and, when they cut the price to $180, I got 20 free video games easily more valuable than the $70. Not to mention I like supporting companies that make things I like. Since Nintendo is one of the few companies that isn't obsessed with boring realistic art styles, sexual content, cursing, and gory death, I will gladly support them.



well, october trailer convinced most people.



Dulfite said:
KLAMarine said:

If the Switch falls in price later in the year, are you going to be pissed?

No, because I bought the 3ds for $250 and, when they cut the price to $180, I got 20 free video games easily more valuable than the $70. Not to mention I like supporting companies that make things I like. Since Nintendo is one of the few companies that isn't obsessed with boring realistic art styles, sexual content, cursing, and gory death, I will gladly support them.

As long as you're aware but I guess all hardware has an "early-access" fee of sorts.



KLAMarine said:
Dulfite said:

No, because I bought the 3ds for $250 and, when they cut the price to $180, I got 20 free video games easily more valuable than the $70. Not to mention I like supporting companies that make things I like. Since Nintendo is one of the few companies that isn't obsessed with boring realistic art styles, sexual content, cursing, and gory death, I will gladly support them.

As long as you're aware but I guess all hardware has an "early-access" fee of sorts.

Yep