Ever since the OLED Model was announced, I've been on team 2022. But due to the unprecedented situation, I also try to keep an open mind. Yes, the SoC production is probably booked, but that doesn't necessarily guarantee a product release. Just recently the Financial Times reported that
businesses are shifting from "just in time" (read: minimum) inventory to "just in case" inventory:
"One big German industrial group caught flat-footed by the semiconductor shortage has shifted from three-month non-binding arrangements with suppliers to 24-month commitments that require it to pay in advance of receiving its chips. [...] A follow-up McKinsey survey this year found that 61 per cent of companies had increased inventory of critical products and 55 per cent had taken action to ensure they had at least two sources of raw materials."
That said, warehousing loads of SoCs would certainly be costly though:
"The cost of storing goods is also set to rise more quickly as warehouse labor costs are increasing and facility owners seek price increases to replace expiring leases that had allowed companies to sidestep sharply rising rents during 2021.
Prices to lease industrial properties have jumped 25% on average nationwide over rates tenants paid at the end of five-year leases that expired in the third quarter, real-estate firm CBRE Group Inc. said in early December."
So it seems to me that a delayed release is a possibility albeit an unlikely one, but things have not been particularly
normal as we're being reminded daily. Nintendo might have been preparing for the rising logistics costs when they raised the OLED Model price by $50 and yet claimed the profit margin being unchanged.