Nintendo hikes Switch 2 prices and expects console sales to decline as memory crunch bites

Nintendo has announced an increase in the retail price of its upcoming Switch 2, attributing this decision to a projected downturn in sales as the ongoing memory chip shortage impacts the company. For the fiscal year ending March 31, 2027, Nintendo anticipates selling 16.5 million units of the Switch 2, a noticeable decrease from the 19.86 million units sold in the previous fiscal year. The company's latest sales projections have fallen short of analysts' expectations, prompting the price adjustment. In the United States, the Switch 2 price will rise by $50, from $449.99 to $499.99. Similarly, in Japan, the cost will increase from 49,980 yen to 59,980 yen. This shift marks a significant moment for Nintendo as it navigates the challenges posed by the current market conditions.