Nintendo forecasts 16.5 million annual Switch 2 sales, hikes prices
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TOKYO, May 8 : Nintendo said on Friday it expects to sell 16.5 million Switch 2 units in the financial year ending March 2027 and for operating profit to rise 2.7 per cent to 370 billion yen ($2.36 billion).
• Sold 19.9 million Switch 2 units in the financial year ended March 31.
• Nintendo revises manufacturers' suggested retail prices of Japanese-language Switch 2 to 59,980 yen from 49,980 yen.
• Also planning price increases for Switch 2 in U.S., Canada and Europe effective September 1.
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• President Shuntaro Furukawa says rising prices of components including memory and exchange rates among factors in decision to raise prices.
• Furukawa says Switch 2 profitability will be roughly unchanged from last financial year with price hikes.
• Nintendo says rising cost of components, particularly memory, and tariffs will add roughly 100 billion yen to costs this financial year.
• Nintendo reported annual operating profit rose 27.5 per cent to 360.1 billion yen last financial year, below analyst estimates.
• Investors are concerned about potential impact of memory price surge on margins.
• Switch 2 games pipeline is seen as thin.
• Concerns have weighed on Nintendo's shares.
• Nintendo has scored hit with "Pokemon Pokopia".
• Latest "Super Mario" movie is popular with audiences despite critical drubbing.
($1 = 156.8200 yen)
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