Nintendo Switch sold out nearly everywhere, Amazon charging over $500 - Business Insider

Retailers across the board are sold out, including Amazon, Walmart, GameStop, Target, and Best Buy.Worse still: Retailers like Amazon allows third-party resellers to jack up the price and overcharge people by hundreds of dollars. You can buy a Switch on Amazon right now starting at $550. I was working on a news story on Monday when my phone buzzed, as phones do.

She was experiencing the same thing that people all over America, stuck at home during the coronavirus pandemic, are experiencing: It's nearly impossible to buy a Nintendo Switch right now without paying nearly double the $300 asking price. It's similarly difficult to find the handheld-only Nintendo Switch Lite.

Nintendo also had tremendously fortuitous timing with the recent launch of "Animal Crossing: New Horizons" — a game that was already poised to be a hit, but has absolutely exploded with a dedicated audience of people stuck at home looking for a digital escape. But problems began earlier, in February. "In February, there were no consoles produced," Ahmad said, due to the impact of coronavirus on China's manufacturing sector. 90% of Nintendo's Switch consoles made for the United States are made in China, he said.

According to Pachter, Nintendo planned to produce "20 million or so" Switch consoles in 2020. But with the coronavirus suddenly pushing millions of Americans indoors, demand for the console unexpectedly leapt. As for when things will return to normal, and the Nintendo Switch will become readily available again at its standard retail price? It may be a few weeks, if not longer.Both Pachter and Ahmad said Nintendo is unlikely to ramp up production of the Switch in response to the current supply issues, and we're unlikely to see a replenished supply earlier than late May or June at the earliest.

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