NES Classic Reseller Prices On The Rise On Rumors That Nintendo Stops NES Production

Posted: Feb 15 2017, 3:13pm CST | by , in News | Technology News

 

NES Classic Reseller Prices on the Rise on Rumors That Nintendo Stops NES Production
 

The NES Classic reseller prices on the rise. Updated.

What a difference a two days make. The NES Classic offers on the reseller market on Amazon.com have dropped on Sunday to $99. Today the lowest priced NES Classic console is $131.99 plus $3.99 shipping. What has happened?

There are rumors circulating that Nintendo would stop production of the NES. There is no reason to believe this. Nintendo has not made any announcements. These rumors are not new. They always surface on a NES supply drought. The main reason why prices are rising again is that Target, Walmart, GameStop have almost no NES inventory this week. 

Updates:

Feb. 15: Prices have slightly increased again on the Amazon market place. The cheapest NES Classic is offered for $122.99 plus $3.99 shipping. There are only about 15 NES offers that are priced under $130. Supply is still very limited, with no new noteworthy NES sales. Only exception is the Walmart online store, which had the NES in stock for 2 minutes on Valentine's Day.

Last week the situation was very different. Many NES hunters reported success in scoring the retro console. There was also online availability at GameStop. The result was that at the end of the week there was a surplus of NES in the reseller market that drove down prices. Now prices are up as 

The profit margin for resellers have strengthened again. The regular price of a NES is $59.99. Reseller make about $60 (after fees) on a resale of a NES console now. Before the Holidays some people paid well over $200 for a NES Classic.

Nintendo has not yet swamped retailers with NES units. It is a steady stream with stores of major retailers receiving a handful of units every couple of days. This might change in March.

Amazon Germany gives a clue when a major shipment of the NES Classic is expected. The NES Classic is back-ordered and due stock March 15. Amazon is offering to pre-order the NES at the regular price for a mid-March delivery. The NES Classic reseller business might be over by the end of March, when Nintendo finally is able to satisfy the demand for the NES Classic.

Nintendo has only sold through 1.5 million Nintendo NES Classic consoles since the launch in November of last year. Nintendo announced the number in the earning calls on February 1, 2017. The company plans to increase production. 1.5 million is just way too low and just shows how badly Nintendo predicted the demand. 

Nintendo says that the procurement of parts is holding the ramp up of the NES Classic production back.

The ability to mod the NES Classic and install an unlimited number of games has renewed the hype around the retro console. The latest version of hakchi2 allows NES owners to install over 800 NES games. There is also a new hack that allows to run SNES games via an emulator on the NES.

We are tracking NES Classic stock for several stores that have received new NES Classic inventory in the past weeks. The list of stores that are getting supplied by Nintendo is rather short. Besides Walmart, Best Buy, GameStop, Target and ToysRUs only the Nintendo flagship store in New York had the NES in stock.

Find the NES Classic in stock updates for other stores in our Nintendo NES Classic Shopping Tracker. We track the NES Classic availability at Walmart, Target, GameStop and Best Buy.

NES Classic Edition Accessories

Nyko MiniBoss Controller for NES Classic Edition (Sale: $14.99)

Ortz 10ft Controller for NES Classic Mini [TURBO EDITION] Buttons

8Bitdo NES30 Classic Edition Wireless Controller Set with Bluetooth Retro Receiver

10ft Extend Link Extension Cable For Nintendo Mini NES Classic Edition

RDS Industries NES Classic Edition Carrying Case

Nintendo is under criticism for bad demand forecasting since years. Part of it is intentional as shortage generates buzz. The downside are the countless hours of people spent in line and the caused frustration. There is no update from Nintendo when the Japanese video game maker will resolve the shortage.

The $59.99 Nintendo NES Classic Edition console launched on November 11 in stores and online. The supply was extremely constraint in stores and especially online.

On launch day Nintendo said: "The Nintendo Entertainment System: NES Classic Edition system is a hot item, and we are working hard to keep up with consumer demand. There will be a steady flow of additional systems through the holiday shopping season and into the new year. Please contact your local retailers to check availability."

Nintendo did not make any further comments about the NES Classic supply situation since then. Nintendo of America President Reggie Fils-Aime tried to explain last week in an interview why the NES is suffering a shortage. 

"When we looked at that proposition what we believed was the adults, 30-40 years old, who grew up playing NES as a kid, 10 years old or so but had stepped away from the gaming category--that was going to be the buyer," Fils-Aime said to GameSpot. "As we thought about that, that led us to a certain level of supply. The reality, however, was that the lapsed gamer and the "more active gamer" bought the NES Classic."

This is a poor excuse. Nintendo apparently does not do focus groups ahead of console launches.

The palm-sized NES console, retailing for $59.99 list price, features the classic Nintendo NES controller many geeks have grown up with. The retro console comes pre-installed with 30 classic NES games including Super Mario Bros., Pac-Man, Metroid, Donkey Kong, The Legend of Zelda and Kirby's Adventures. The NES Classic Edition system is a miniaturized version of the groundbreaking NES, originally released in 1985.

The Holiday shopping season 2016 has been dominated by the hunt for Hatchimals and the Nintendo NES classic edition. The NES Classic demand is still strong amidst ongoing shortage. In about one months the new Nintendo Switch will go sale and Nintendo fans brace for the worst.

The Nintendo Switch pre-order are sold out. The supply situation might no be as bad as for the NES, but it will be difficult to get a Switch at launch for customers who have not pre-ordered the Switch. Refer to our Nintendo Switch in stock track for pre-order and launch day.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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