Latest news and articles about Switch 2 from NEX English
Nintendo's shares fell sharply by <strong>8.4%</strong> on Monday following warnings about lower sales expectations for its new <strong>Switch 2</strong> during the current fiscal year. This decline was attributed to rising prices due to increased memory costs, raising concerns among investors.
Nintendo's shares fell by 8% in the Tokyo market following the announcement of a price increase for the Switch 2, raising investor concerns over a lack of blockbuster games. Despite strong sales in the fiscal year ending in March, the company's forecasts have not met market expectations.
Nintendo has announced its expectation to sell <strong>16.5 million units</strong> of the new <strong>Switch 2</strong> during the fiscal year ending in March 2027. The company also confirmed price increases in several global markets due to rising component costs.
Nintendo has announced a global price increase for its new Switch 2, effective September 1, with the price in the U.S. reaching $499.99. This decision comes as market conditions shift, with expectations of declining sales in the upcoming year.
Nintendo has announced a reduction in production of its new Switch 2 console to <strong>four million units</strong> this quarter, down from <strong>six million</strong>, due to declining demand in the U.S. market. This decision follows comments from the company's president regarding weak international sales.