Nintendo raises Switch 2 prices

Nintendo has announced a significant price increase for its Switch 2 console across global markets, citing rising memory chip costs and changing market conditions.

The Japanese gaming giant also lowered its sales forecast for the upcoming year as the component crisis bites.

The move has surprised many in the industry, given the console's strong initial performance.

Nintendo's president stated that the company had no choice but to pass the increased costs on to consumers to maintain profitability.

The price hike is expected to take effect immediately in several key regions.