While not an exact example, it matches GameBoy creator Gunpei Yokoi's concept of "Lateral Thinking with Withered Technology." The idea is that you find widely understood tech, which is inexpensive due to its widespread use in other areas, and find a way to use it in making games. Everything from using calculator LED displays for the Game & Watch to using an accelerometer in a Wii Remote follows that principle.
Sourcing a bunch of inexpensive parts and throwing together something like the NES Classic Edition to fill the gap in an otherwise Nintendo-less holiday season seems to fit that mantra.
Yokoi made some of the first toys (for personal enjoyment, out of spare parts in a factory) which, when Nintendo's young president Yamauchi saw them, convinced him to really commit to the consumer toy space.