Investing.com-- Nintendo Co (TYO: 7974 ) shares rose sharply on Thursday after the company said it has received over 2.2 million lottery applications in Japan alone for its upcoming Switch (NYSE: SWCH ) 2 console, underscoring soaring consumer demand ahead of the launch.
The Kyoto-based gaming giant said that it cannot fulfill all the demand through its lottery system ahead of the device’s June 5 release date.
"Therefore, unfortunately, when the winners are announced tomorrow, April 24th, we expect that a considerable number of customers will not be selected," the company said in a social media post.
Tokyo-listed shares of the company jumped as much as 6% to 11,035 yen as of 02:36 GMT.
Earlier this month, the company had delayed pre-orders in the U.S. from the original date of April 9, in order to assess the potential impact of U.S. tariffs.