Increased demand of the new Nintendo Switch

An increase of 143% of sales of the new console allows for the Nintendo to increase Revenues to $1.39 bn in the three months ending June 30.

The source of the news also is provided from the Financial Times, will the sales increase result also in increased sale prices? Classic economic theory says that when supply increases, prices are lowered, but when demand increases, then prices are increased, thus forming a new equilibrium, although this reasoning could be wrong.

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