According to Nintendo’s statement to VGC, there are no immediate intentions to raise Switch costs. This statement came when tech giants such as Sony announced price increases in their flagship products.
The following statement came when VGC inquired about whether Nintendo is planning for a price increase:
As our president, Mr. Furukawa stated at the 82nd Annual General Meeting of Shareholders in June: While we cannot comment on pricing strategies, we currently do not have any plans to change the price of our hardware due to inflation or increased procurement costs in each country. We will determine our future pricing strategies through careful and continued deliberations.”
While the final price to consumers is always determined by retailers, as Mr. Furukawa stated, Nintendo has no plans to increase the trade price of its hardware.”
Nintendo previously disclosed a year-over-year reduction in hardware sales for its first quarter, which concluded in June. The corporation attributed some of this decline to component shortages. Nintendo reportedly sold 111 million units of its famous Nintendo Switch and more than a million many of its famous game titles. However, regardless of the staggering numbers, the company reported a 16% decline in revenue due to hardware shortage and company mismanagement.
Although this is a positive step in the right direction despite being five years old, Nintendo has never formally announced a price drop for Switch, which rarely goes on sale.
Price hikes from Sony and other electronics firms are taking effect when the world economy is in a recession and customers are finding it challenging to meet their entertainment requirements. The average gamer is in for a tough time since manufacturing costs are growing at such a rapid rate that businesses are being forced to raise their pricing. While we can only hope for the best, however, the geopolitical landscape suggests otherwise.