Nintendo has no plans to lower the price of its Switch platform until April 2024 at the earliest, according to company president Shuntaro Furukawa.
The head of the company said during Question and answer session with investors After releasing the entertainment giant’s latest earnings report: “Currently, there are no plans to reduce the price of our devices during this fiscal year.”
“On the other hand, while we have no plans to raise prices, the yen remains weak, and purchasing costs remain high, so we will continue to monitor the situation carefully.”
Nintendo’s president acknowledged that the prices of some production materials have come down, but that it will take time for this to be reflected in manufacturing costs, and that the overall costs of manufacturing the Switch “remain high”.
The Nintendo president also reaffirmed that prices for future first-party Switch games will be determined on a case-by-case basis, and that Tears of the Kingdom’s $10 price increase over its predecessor, Breath of the Wild, does not indicate a general price increase for the games.