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  • 8 months ago
Best Buy expects its inventory of Nintendo’s new Switch 2 consoles to sell out soon after their midnight release, according to Bloomberg. Fans lined up outside stores Wednesday to pick up preordered Switch 2 consoles or try to buy launch-day inventory. Executive Jason Bonfig said the company expected to sell out all available Switch 2 consoles by midnight on Wednesday. Best Buy’s non-preorder inventory of Switch 2 consoles is very limited and restocks may take days or weeks, according to executive Jason Bonfig. Video game console sales dropped 15% to $42.8 billion last year, according to Newzoo. The Switch 2 is Nintendo’s first new console in eight years and is expected to boost retail sales with its interactive features. Bonfig said the Switch 2 launch will boost growth in Best Buy’s gaming business.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Best Buy expects its inventory of Nintendo's new Switch 2 consoles to sell out soon after
00:07their midnight release, according to Bloomberg. Fans lined up outside stores Wednesday to pick
00:10up pre-ordered Switch 2 consoles or to try to buy launch day inventory.
00:15Executive Jason Bonfig said the company expected to sell out all available Switch 2 consoles
00:19by midnight on Wednesday. Best Buy's non-pre-order inventory of Switch 2 consoles
00:23is very limited and restocks may take days or weeks, according to executive Jason Bonfig.
00:28Video game console sales dropped 15% to $42.8 billion last year, according to NewZoo.
00:34Switch 2 is Nintendo's first new console in eight years and is expected to boost retail
00:38sales with its interactive features.
00:41A lot of things said the Switch 2 launch will boost growth in Best Buy's gaming business.
00:44For all things money, visit Benzinga.com slash GSTV.
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