Nintendo says no more Switch 2 price changes as sales and profit fall

Nintendo President Shuntaro Furukawa said on Nov. 5, 2026 that the company is not considering further price changes for the Switch 2, on the same day Nintendo released financial data showing Switch 2 sales down over 37 percent year-on-year and operating profit down 16 percent to 73.9 billion yen, about $467 million.

During the three months to September 30, 2026, Nintendo‘s operating profit fell 16 percent to 73.9 billion yen amid a 15 percent decline in sales. Both figures formed part of Nintendo’s earnings disclosure covering the first half of the fiscal year, as reported by IGN and GBAtemp. The profit decline accompanied the wider year-on-year Switch 2 sales decrease disclosed in Nintendo’s financial data.

Nintendo Life reported that Switch 2 sales dropped over 37 percent year-on-year according to Nintendo’s latest financial data released on Nov. 5, 2026. IGN reported that Nintendo sold 2.67 million Switch 2 units in the quarter ended September 30, 2026, down 41 percent from the same period a year earlier and down from 3.82 million units sold from April to June 2026.

During the first half of the financial year, from April to September 2026, Nintendo sold 6.49 million Switch 2 units, down from 10.36 million units during the same period in 2025. Lifetime sales of the Switch 2 reached 26.35 million units, outpacing the original Switch in launch-aligned sales for the first six quarters after release. IGN reported on Nov. 5, 2026 that the console’s record-breaking launch, fueled by ample stock, made it the fastest-selling console in history, so second-year comparisons remain difficult. The Switch 2 launched on June 5, 2025.

In February 2026, Furukawa said a Switch 2 price hike was not likely for the rest of the fiscal year, though Nintendo would still consider one depending on market factors and costs. As of Feb. 3, 2026, the Switch 2’s base console price remained $449 before taxes and fees. GameRant reported both details on Feb. 3, 2026.

Nintendo of America said on May 7, 2026 that it would raise the U.S. MSRP of the Switch 2 from $449.99 to $499.99 beginning September 1, 2026, citing market conditions expected to extend over the medium to long term. The same notice said pricing for the original Nintendo Switch system is not changing and that Switch 2 pricing for Latin America will be shared at a later date.

Earlier in 2026, the Switch 2 price rose by $50 in the US and by £24 in the UK because of market conditions. Nintendo Life reported the global price increase alongside the company’s decision to pause further changes.

Furukawa said on Nov. 5, 2026 that there have been no major changes in the RAM situation, that Nintendo is in a position to secure sufficient quantities, and that the company is not considering further price increases. He said, “There have been no major changes in the RAM situation.”

IGN reported on Nov. 5, 2026 that the September price rise was fueled by the ongoing RAMpocalypse, which also led Microsoft and Sony to raise their console prices.

TheGamer reported on Nov. 5, 2026 that a global memory shortage, often called the RAMpocalypse and driven by AI data centers, has pushed computing costs up across the board, leaving next-gen consoles facing price tags above $1,000. GameRant reported on Feb. 3, 2026 that a 2×16 DDR5 RAM kit that sold for $90 in September 2025 cost consumers over $400 as of that writing. Micron stated that the memory shortage may not end soon and could persist past 2026.

Xbox said memory and storage costs have risen more than 2.5 times and expects them to double again by fall 2027. Xbox said consoles are typically sold for less than they cost to make rather than at a profit, so the component crisis hits consoles especially hard. Xbox said, “Unlike phones, computers, speakers, and other consumer devices, consoles are typically not sold at a profit, but instead for less than they cost to make.”

TheGamer assessed on Nov. 5, 2026 that Nintendo and PlayStation appear finished with price hikes for the fiscal year, while Xbox Series X/S consoles risk further increases.

Investors remain concerned that the memory situation and a lack of high-profile titles for Switch 2 in 2026 could negatively affect the console’s momentum. IGN and GBAtemp reported the investor worries after the financial results.

Nintendo’s shares jumped 8.13 percent on Nov. 5, 2026, following the release of the Ocarina of Time remake and the company’s financial report.

The Ocarina of Time remake launched on Nov. 5, 2026, with investors hoping the title will boost Switch 2 sales during the holiday sales season. Serkan Toto, CEO of Kantan Games, told CNBC that the Ocarina of Time remake is Nintendo’s only real blockbuster this fiscal year and that Nintendo must deliver more big games next fiscal year to sustain Switch 2 momentum. He said, “Nintendo’s only real blockbuster this fiscal year is the Ocarina Of Time remake.”

Nintendo disclosed software sales for the first half of the financial year showing Tomodachi Life: Living the Dream sold 8.81 million units, Rhythm Heaven Groove sold 2.89 million units, Splatoon Raiders sold 2.42 million units, and Mario Kart World shifted a further 1.78 million units during the two quarters. StarFox, released in June, sold 1.17 million units, and Fire Emblem: Fortune’s Weave, released in September, sold 1.34 million units.

Nintendo confirmed Pokémon Winds and Pokémon Waves for release on Switch 2 next year. IGN stated on Nov. 5, 2026 that Nintendo is expected to have big hitters for Switch 2 in 2027, including the next mainline Super Mario game that fans hope for.

Furukawa said on Nov. 7, 2025 that Nintendo believes it can maintain current hardware profitability for the time being unless significant changes occur in external factors such as tariff assumptions or unexpected events. Nintendo stated on Nov. 7, 2025 that dedicated video game platform business sales rose 119.7 percent year-on-year to 1,066.1 billion yen in the half-year period, aided by the Switch 2 launch and its higher unit price. Furukawa said on Nov. 7, 2025 that Nintendo expects to remain in a phase where mainly existing Switch owners buy Switch 2, while working to attract new consumers through software releases and other means.

GameRant reported on Feb. 3, 2026 that Nintendo’s current fiscal year ends on March 31, 2026, with the new fiscal year beginning on April 1. Furukawa said if memory prices keep climbing, it could hurt Nintendo’s bottom line in the upcoming fiscal year.

Nintendo’s third-quarter financial results showed the original Nintendo Switch outsold the DS to become Nintendo’s best-selling console ever, GameRant reported on Feb. 3, 2026. The basic Nintendo Switch 2 bundle includes the console, Joy-Con 2, straps for the controller, a dock, an AC adapter, an HDMI cable, and a Joy-Con 2 grip.