An official statement from Nintendo reveals that the company has no plans to increase the price of the Nintendo Switch in any region following Sony's recent price adjustment in almost all regions of the world except for the US.
Similar to Microsoft, Nintendo will not be increasing the price of the Nintendo Switch in the near future as the company doesn't have any similar plans for now.
Speaking to Eurogamer, Nintendo shared an official statement that clarifies the company's approach to the current price of the Nintendo Switch despite the increasing inflation rates and higher production costs. the statement reads as below:
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 spokesman
This announcement leaves Sony alone in increasing the hardware price due to higher inflation rates. Currently, PlayStation 5 is considered the most expensive entry to the next-gen gaming among consoles in Europe, the UK, Canada, and some other regions of the world, whereas Xbox offers the cheapest entry with Xbox Series S consoles.
It's yet to be seen how this could affect the PlayStation 5 sales in regions where the price increase has already been applied. Of course, this could already be a golden opportunity for Xbox and Nintendo to provide more economic offers for gamers in the regions with high inflation rates.
Prior to Sony, Meta was the first gaming company that increased hardware prices. The price for Meta Quest 2 has been increased by $100 a few months earlier.
For Nintendo, it remains unknown whether the company is planning to launch any new consoles in the future or not, as both Xbox and Sony have started the next generation of gaming for nearly two years now. That being said, the Nintendo Switch sales are already strong.