According to Nintendo president Shuntaro Furukawa, Nintendo has no plans to lower the price of the Switch console until April 2024 at the earliest.
“At this time, we have no plans to reduce hardware prices later this year.” he said during the Q&A session With investors following the release of the entertainment giant’s latest earnings report.
“On the other hand, we have no plans to raise prices, but we will continue to monitor the situation carefully as the yen continues to depreciate and procurement costs remain high.”
Nintendo’s president acknowledged that the price of certain production materials had fallen, but said it would take time for this to be reflected in manufacturing costs, and that overall Switch manufacturing costs “still remain high.”
A recent financial report revealed that Switch sales fell for the second year in a row, but sales forecasts for the next fiscal year show a further 15% year-over-year decline. Furukawa pointed out that there will also be some upswings, such as the success of the movie “Super Mario Bros.” and today’s long-awaited release of “The Legend of Zelda: Tears of the Kingdom.”
“In the history of our dedicated video game platform business, we never expected to achieve sales of 15 million units of hardware and 180 million units of software in the seventh year of the system. So we feel that we have stepped into uncharted territory,” continued Mr. Furukawa. .
Nintendo’s president also said pricing for future Switch first-party games will be determined on a case-by-case basis, and that Tears of the Kingdom has been raised $10 over its predecessor, Breath of the Wild. I repeatedly said no. A general increase in the price of software.
Furukawa also revealed in an accompanying investor presentation that Nintendo isn’t considering new hardware in the form of a Switch successor until April 2024 at the earliest. In the meantime, be sure to check out IGN’s list of his May 2023 Nintendo Switch deals deals.
Anthony is a freelance contributor covering science and video game news for IGN. With over eight years of his experience covering breakthrough developments in multiple scientific fields, he has absolutely no time for your pranks. Follow him on Twitter @BeardConGamer
