In the wake of Sony’s PlayStation 5 price hike, Nintendo has reaffirmed that it will not increase the price of its Nintendo Switch family of consoles. Nintendo had already said a few weeks ago that it didn’t have plans to increase the Switch price; however, Sony’s move has sent waves of uncertainty through the industry. Check out Nintendo’s latest Switch price statement to VGC below.
“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.”
Nintendo’s reconfirmation of its pricing strategy comes after Microsoft yesterday also confirmed it would not be raising prices in any territories in response to Sony.
Speculation about what Xbox and Nintendo could do following the PlayStation price hike announcement was rife yesterday. Worried gamers were concerned that the companies could use the opportunity to increase their own prices with less backlash.
All three of the console manufacturers have been suffering from production constraints, with Nintendo reporting that it was unable to meet its year-on-year console sales targets due to component shortages.
Sony has appeared to struggle the most with meeting the supply for its PlayStation 5 consoles, partly due to the incredible demand for its current-gen system. It will be interesting to see how the new price hike for PlayStation 5 consoles affects that demand, if at all.
Meanwhile, Microsoft has been able to keep its Xbox Series of consoles in stock much more consistently than PlayStation. This has partly been due to the cheaper Xbox Series S requiring different components to its big brother Series X. Although the Xbox Series X can now also be found regularly in stock online and in-store in many countries.
For now, Xbox and Nintendo fans can rest easy knowing the price of the Switch and Series consoles won’t increase.