Nintendo is raising Switch 2 prices as chip crisis bites

Nintendo is raising the price of its Switch 2 by $50 to $500 in the US as it faces higher memory costs and US tariffs, the company announced in its earnings report. That increase is less than the $150 that Sony's PS5 console has gone up over the last year, but Nintendo has a younger, more price sensitive fan base, so that boost is likely to cut into sales.

The company revealed that it shipped 2.49 million Switch 2s this quarter, meaning it sold 19.86 million of the consoles in only three quarters over its last fiscal year. However, Nintendo is forecasting significantly lower sales of 16.5 million Switch 2s for the next full fiscal year.

Many analysts were expecting a sales forecast for next year of 20+ million Switch 2s considering the success of the console's launch. The Japanese company may be ...