Nintendo raises Switch 2 price to $500 due to global memory shortages starting Sept 1

Nintendo announced a $50 price increase for its Switch 2 console, raising the price to $500 starting September 1. This is the first price hike since the console's launch last June and is driven by ongoing global memory shortages, which have pushed up costs for key components like RAM and SSDs. The shortage, fueled by high demand from AI data centers, has also impacted other gaming consoles like Sony's PS5 Pro and Microsoft's Xbox Series X/S. While memory prices have started to stabilize, they remain significantly higher than in 2024, suggesting gaming hardware prices may continue to rise.