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00:02Nintendo said it will raise Switch 2 prices in the US, Japan, Canada, and Europe
00:08after forecasting lower console sales and weaker-than-expected results
00:12as rising memory chip costs pressure the company, according to CNBC.
00:16Nintendo said US Switch 2 prices will increase by $50 to $499.99 starting September 1,
00:25while Japan prices will rise by 10,000 to 59,980 yen on May 25.
00:33Nintendo said rising component costs, particularly memory and tariff measures,
00:38will have an approximately 100 billion yen impact on results.
00:42The company forecast fiscal 2027 net sales of 2.05 trillion yen and net profit of 310 billion yen,
00:50both below analyst expectations compiled by LSEG.
00:54Nintendo said the Super Mario Galaxy movie has grossed...
00:58For all things money, visit Benzinga.com.
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