The price of a Nintendo Switch is staying put for now, but the hardware could see a price increase in the future, according to Nintendo.
As part of Nintendo’s FY 2023 six months earning release, the company addressed a potential price hike for its console. As reported by Bloomberg’s Takashi Mochizuki, Nintendo still isn’t implementing a price hike immediately, but it is carefully considering if it needs to take the option.
Nintendo, asked whether it would raise Switch prices, says it won’t take such actions at this moment, but will continue monitoring situation and carefully consider (whether we need to take the option).”https://t.co/onEzeUmKEX
— Takashi Mochizuki (@6d6f636869) November 8, 2022
In August, Nintendo president Shuntaro Furukawa said the Switch would not be getting a price increase “at this point”, as the company wanted to “avoid pricing people out.” Currently, the standard Switch retails for $299.99, the handheld-only Switch Lite for $199.99, and the premium Switch OLED Model for $349.99.
Price hikes are becoming more and more common in the electronics industry and even the toy industry. Sony increased the price of a PlayStation 5 in most territories around the world, Meta hiked the cost of its Meta Quest 2, and even LEGO sets have been getting increasingly more expensive.
Elsewhere in the financial results, Nintendo reported that Switch sales have crossed 114 million units, and Mario Kart 8 Deluxe has reached nearly 50 million. The hybrid console isn’t going away anytime soon, with Pokemon Scarlet and Violet, Fire Emblem Engage, and The Legend of Zelda: Tears of the Kingdom still on the horizon.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over six years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.
Source: IGN Video Games All