Nintendo hiking Switch 2 prices by hefty amount — and still warns sales will fall next year | Latest Tech News
Nintendo’s annual revenue surged 52% in the last fiscal year, lifted by strong sales of its Switch 2 machines and software program, the company announced Friday.
The Japanese video-game company behind the Super Mario and Pokemon franchises also announced it was raising prices, citing difficult business circumstances.
It recorded a 424 billion yen ($2.7 billion) web revenue for the fiscal year that ended in March, up from almost 279 billion yen the year before.
The Japanese video-game company behind the Super Mario and Pokemon franchises announced it was raising prices, citing difficult business circumstances. AFP via Getty Images
Annual sales rose 99% to 2.3 trillion yen ($15 billion) from 1.2 trillion yen a year earlier, as demand for Switch 2 held up, although sales for the first-generation Switch declined.
Nintendo said it was raising the Switch 2 price in Japan to 59,980 yen ($382), efficient May 25, from 49,980 yen ($318), “in light of changes in market conditions, and after considering the global business outlook.”
In the US, the price will rise to $499.99 in September, from $449.99.
Nintendo, which is based in the traditional Japanese capital of Kyoto, didn’t go into particulars. But all major Japanese exporters are having to cope with President Trump’s tariff hikes and other increased prices that have been worsened by the battle in Iran.
Nintendo Co., which didn’t break down quarterly outcomes, expects an 11% decline in sales for the fiscal year through March 2027, to 2.1 trillion yen ($13 billion). The projection takes into account the deliberate price hikes.
In the US, the price will rise by $50 to $499.99 in September AFP via Getty Images
On the plus facet, Nintendo’s movie “The Super Mario Galaxy Movie” has grossed more than $800 million since its release a month in the past.
Among its latest profitable sport software program choices have been “Mario Kart World” and “Donkey Kong Bananza.”
The sport “Tomodachi Life: Living the Dream” has bought more than 3.8 million items since going on sale two weeks in the past.
Nintendo expects to promote 16.5 million Switch 2 machines in the fiscal year through March 2027, down almost 17% from 19.86 million in the last fiscal year. It also forecast that Switch 2 software program sales will continue to grow, at 60 million, up 23% from 48.7.
Nintendo expects to promote 16.5 million Switch 2 machines in the fiscal year through March 2027, down almost 17%. AFP via Getty Images
It’s common for sport machines to promote briskly proper after they’re launched and then see sales decline. Game software program tends to continue growing. The Switch is a hybrid sport machine, functioning both as a home console linked to a show, or as a moveable handheld.
Nintendo promised more software program titles for the Switch 2 this year, including from other creators, including the latest “Final Fantasy.”
Nintendo’s stock price jumped 3.6% after earnings have been announced.
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