Nintendo raises Switch 2 price by $50 citing market conditions amid chip supply issues.

Nintendo announced a $50 price increase for its Switch 2 console, raising the U.S. price from $449.99 to $499.99 starting in September. The company attributed the hike to changing market conditions and a challenging global business outlook, following similar moves by Sony and Microsoft amid an AI-driven chip shortage. Despite strong sales of nearly 20 million units since launch, Nintendo expects a slight sales decline next year, likely due to the higher price. This is the first price increase for the Switch 2 since its launch last year.