First of all, you brought it up.
Second, I'm not arguing against anything you just said. If you read what I said again, you'll probably notice I'm talking about profit and not marketing.
All the marketing in the world earns Nintendo zero profit if they don't have the units to sell to meet that demand.
Artificial scarcity might be profitable in the long run off of the hype train, but if they go the same route as the NES Classic, that hype train comes to a screeching halt when the product is no longer manufactured. All they have left is a pile of hype that festers into negativity.
Besides, one could argue the hype was already off the charts.
I've seen the theory that it redirects people to their Switch virtual console which I could maaaybe see...except the problem there is a) that's still a different market than a relatively cheap novelty item and b) they can't keep those things in stock either.Besides, one could argue for such nostalgia-based products, the hype was already off the charts.
It seems far more likely to me that they simply don't have the manufacturing capacity to meet demand....but hey, that's just speculation.