{
  "id": 18299361,
  "title": "Nintendo Rules Out Further Switch 2 Price Rises as Console Sales and Profit Fall",
  "url": "https://urgent.news/2026/11/05/nintendo-rules-out-further-switch-2-price-rises-as-console-sales-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T10:21:34.000Z",
  "source": {
    "name": "IGN",
    "slug": "ign",
    "url": "https://www.ign.com/articles/nintendo-rules-out-further-switch-2-price-rises-as-console-sales-and-profit-fall"
  },
  "original_language": "en",
  "account": "Nintendo has decided to refrain from increasing the price of the Switch 2, while simultaneously announcing a decline in console sales and a reduction in profit. According to Bloomberg, the company's operating profit fell by 16% to 73.9 billion yen ($467 million) during the three months leading up to September 30. CNBC reported that Nintendo sold 2.67 million Switch 2 units in this quarter, a 41% decrease from the same period last year, and also down from the 3.82 million units sold in the first quarter of the current financial year. The price increase for the Switch 2 was prompted by the ongoing 'RAMpocalypse', which led to price hikes from Microsoft and Sony as well. However, Nintendo's President Shuntaro Furukawa remains confident that there is enough memory to meet the forecasted sales of 16.5 million units for the financial year ending March 2027, and he does not plan to implement further price adjustments. The company's launch of the Ocarina of Time remake is anticipated to give a boost to the Switch 2 sales during the holiday sales season. Investors are, however, still worried about the memory situation and the absence of high-profile titles for the Switch 2 this year, which could negatively impact the console's momentum. Nintendo's financial report refers to the first half of the current financial year (from April to September 2026), during which it sold 6.49 million Switch 2 units, a decline from the 10.36 million it sold during the same period last year. Despite this, the lifetime sales of the Switch 2 have surpassed the original Switch in terms of launch-aligned sales, standing at 26.35 million units. Additionally, Nintendo's shares rose by 8.13% following the release of the Ocarina of Time remake and the company's financial report. Video game sales for the period include Tomodachi Life: Living the Dream (8.81 million units), Rhythm Heaven Groove (2.89 million units), and Splatoon Raiders (2.42 million units). Mario Kart World, released alongside the Switch 2 last year, continued to sell steadily, with 1.78 million units sold in the two quarters. Other titles such as StarFox, released in June, and Fire Emblem: Fortune’s Weave, released in September, also contributed to the sales figures. Fans are eagerly anticipating big releases for the Switch 2 in 2027, including the next mainline Super Mario game, Pokémon Winds & Pokémon Waves, which are set to launch next year. According to Serkan Toto, CEO of Kantan Games, Nintendo's sole blockbuster this fiscal year is the Ocarina of Time remake. However, it is not sufficient to satisfy investors, especially considering the console's high price point. Toto suggests that Nintendo needs to release more big games in the coming fiscal year to ensure the Switch 2's momentum remains strong.",
  "summary": "Nintendo has ruled out further Switch 2 price rises while reporting falling console sales and reduced profit.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}