Nintendo Has ‘No Plans’ To Raise Switch Prices In Wake Of PlayStation 5 Price Increase

Sony Interactive Entertainment yesterday announced that it would increase the cost of PlayStation 5 consoles in non-U.S. territories because of global economic conditions like inflation. Microsoft then declared later that day that it will not be doing the same with the Xbox Series X/S. Nintendo also has their opinion. 

To summarize, Eurogamer, Nintendo reiterates a quote from president Shuntaro Furukawa, made in June, in which he stated the company has “no plans to increase the trade price of its hardware.” Furukawa made this statement during the 82nd Annual General Meeting Shareholders, in which he also said: 

We cannot comment on pricing strategies. However, at the moment we do not plan to increase or decrease the cost of hardware because inflation and increased costs for procurement in every country. We will determine our future pricing strategies through careful and continued deliberations.”

Although the PlayStation 5’s price will remain unchanged in the U.S. (for now), both versions of the console have become more expensive in Canada, Europe, the UK, Mexico, Japan, and Australia. The price hikes have already gone into effect in those regions except Japan, which occurs on September 15. 

The only time Nintendo significantly adjusted the price of its current consoles was last fall, when it permanently reduced the cost of the standard Switch model in the UK and Europe. Nintendo has yet to follow suit in the U.S. 

[Source: Eurogamer]