[STEAM] Nintendo has raised the price of the Switch 2 amidst parts shortage

[Steam 0]

Nintendo announced as part of its earnings report that it’s raising the price of the Switch 2 globally, as well as the prices of other Nintendo products in Japan. In the U.S., the Switch 2 is going from $449.99 to $499.99. Canada will see a similar $50 increase, while Europe will see a €30 increase. These prices will go into effect on September 1.

The company cited “changes in market conditions, and … the global business

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” as the reasons for the change, adding that “the impact of various changes in market conditions is expected to extend over the medium to long term.” It adds at the end of the release: “We sincerely apologize for the impact these price revisions may have on our customers and other stakeholders, and we deeply appreciate your understanding.”

The “market conditions” referenced is likely the ongoing shortage of certain materials, most notably RAM and storage. Nintendo’s peers, Xbox and PlayStation, have both increased the prices of their consoles, citing similar reasons. RAM has become particularly difficult to come by as supplies are being redirected to artificial intelligence servers.

Nintendo noted that it expects sales to decline in the next fiscal year, adding that the Switch 2’s sales were more concentrated in launch year than previously released hardware. In total, the Switch 2 has sold just under 20 million units as of this fiscal quarter.

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