- Following the $50 increase in Switch 2, Nintendo’s stocks have fallen by 12%.
- The company increased the prices to tackle the memory shortage and inflated prices.
- The president has promised a strong Switch 2 lineup for fans as compensation.
Nintendo recently joined hands with other console manufacturers in increasing the prices of its hardware. The Switch 2 saw a $50 increase in price due to the growing memory prices, and that has affected the company’s stocks as well.
Now, following the price hike, Nintendo’s stocks have plunged by around 12%, which is a rare showing for the gaming giants. The Switch 2 originally launched at a $450, but now, after the increment, costs $500.
Why it matters: Falling stocks are a very rare thing for the company, as it does really well. But despite this, in general, it is still quite profitable, especially since the Switch 2 recorded the best-ever sales figures at launch.
After Nintendo hiked the price, its stocks fell by around 12%. However, the company has promised to cater to its customers as compensation for the price increase. They state that they are preparing a robust lineup of titles.
The president, in a recent statement, promised a very strong Switch 2 lineup for the future. And based on how strong the company’s player base is, it wouldn’t be surprising if their stocks are back up in no time.
Despite the higher price, the Switch 2 will, of course, continue to record decent sales. And, if the company has plans for a strong lineup for the future, there will be a lot more sales in terms of both hardware and software.
What are your thoughts on Nintendo stock plunging by 12% following the Switch 2 price hike? Let us know your opinions in the comments or join the discussion at the official Tech4Gamers Forum.
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News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
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