Nintendo has issued a response in wake of Sony’s news that it is increasing the price of PS5 in multiple regions, revealing the format holder has no plans to bump up the price of the Switch. This follows Microsoft’s confirmation it won’t be issuing an Xbox price increase.
Here’s what the company had to say in a statement issued to Eurogamer:
As our president Mr Furukawa stated at the 82nd Annual General Meeting of Shareholders in June: ‘While we cannot comment on pricing strategies, we currently do not have any plans to change the price of our hardware due to inflation or increased procurement costs in each country. We will determine our future pricing strategies through careful and continued deliberations.’
While the final price to consumers is always determined by retailers, as Mr Furukawa stated, Nintendo has no plans to increase the trade price of its hardware.
While the PS5 price has not been increased in the United States, areas such as the UK and Europe have seen a price hike. For example, in the UK, the PS5 Standard Edition is now £479.99 and the PS5 Digital Edition retails for £389.99.
Sony launched the PS5 in numerous territories around the world in November 2020, and the format holder revealed last month that the system has shipped 21.7 million units worldwide.