Nintendo Switch prices may soon be going up. During a recent financial call, Nintendo was asked whether it would raise prices for the Nintendo Switch. The company responded that it isn’t raising prices at the moment, but that it is keeping an eye on the situation and might consider raising prices down the line.
This is a departure from the company’s stance on its platform’s prices. In the past, Nintendo has been steadfast in not wanting to raise the prices of consoles that have already been released, with the reasoning that it views these consoles as toys that kids also buy.
Price increases have been a relevant topic in the gaming market in recent weeks. In July, Sony refused to comment on the possibility of a price increase for the PS5, though in August, the console’s prices were raised in select regions. At the time, Microsoft said that it had no current plans to increase Xbox Series X/S prices, but recent statements by the company have suggested that that might change. Meta also raised the prices of the Quest 2 in August.
In its earnings report, Nintendo also revealed that it has sold over 114 million Nintendo Switch consoles worldwide. This is up from the 111 million number reported from Nintendo’s previous quarter.
This means that, over its most recent quarter, Nintendo has sold around 3.25 million units of the Nintendo Switch. On the software side of things, over 64 million software units are reported to have been sold over the most recent quarter.
Interesting Nintendo signaled it may review Switch prices in future, indicating possible departure from old stance of cannot hike prices of released products as they are toys that kids also buy. Well, consoles are not toys anymore, and that toys see price hikes these day as well. https://t.co/AP3obUs2S3
— Takashi Mochizuki (@6d6f636869) November 8, 2022