Shuntaro Furukawa
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Nintendo gives update on its new Technology Development Center, plus a first look
Nintendo has provided an update on its new Technology Development Center, located in Kyoto, Japan. This facility, previously referred to as "Corporate Headquarters Development Center, Building No. 2 (tentative name)", will serve as a new base for the company's software and hardware research and development. It is expected to be completed by March 2029 and will include development servers and other infrastructure for future R&D.
Nintendo (NTDOY) Technology Development Center in Kyoto scheduled to open March 2029
Nintendo has announced that its new Technology Development Center in Kyoto, Japan, will open in March 2029. The facility will serve as a new research and development base for the company's software and hardware, with President Shuntaro Furukawa stating it represents a continued investment in R&D to create unique entertainment experiences.
Nintendo implements restrictions to multi-language Switch 2 in Japan to combat scalpers
Nintendo has implemented purchase restrictions on its multi-language Nintendo Switch 2 in Japan, limiting sales to one console per account and requiring at least 50 hours of playtime by May 2026 to combat scalpers exploiting the weaker yen. Meanwhile, Microsoft's Matthew Ball sees hardware price increases as an opportunity for game streaming services like Xbox Cloud Gaming, noting increased usage amidst console supply shortages.
Nintendo Direct announced for tomorrow and it's the big one
Nintendo has officially announced a Nintendo Direct presentation scheduled for June 9th, focusing on games for both the Nintendo Switch and the upcoming Nintendo Switch 2, with a runtime of approximately 50 minutes. The showcase is expected to reveal new titles for the remainder of the year and potentially tease the Switch 2's launch lineup, including a rumored The Legend of Zelda: Ocarina of Time remake. This Direct follows a period without major first-party game announcements and precedes a price increase for the Nintendo Switch 2.
Switch 2 sales drop 87% in Japan following surge ahead of cost revisions
Nintendo Switch 2 sales in Japan dropped by 87% following a surge in demand before a price increase on May 25. The original Nintendo Switch also saw a significant sales decline after its price adjustment. Nintendo president Shuntaro Furukawa cited rising component costs and foreign exchange trends as reasons for the price hikes.
Valve raises Steam Deck OLED prices by over $200
Valve has increased the prices of its Steam Deck OLED models by over $200 in the United States and other key markets due to rising memory and storage costs. The 512GB model now retails for $789 and the 1TB model for $949. The company cited global logistical challenges and industry-wide component cost increases as reasons for the price adjustments.
Report: Latest Nintendo Switch 2 production estimates contrast hardware forecast
Nintendo reportedly plans to produce around 20 million Nintendo Switch 2 consoles in the current fiscal year, exceeding its own sales forecast by 20 percent. The company's president, Shuntaro Furukawa, cited rising component and oil prices as reasons for recent global price increases on the console.
Nintendo reportedly planning 20% production increase for Switch 2
Nintendo is reportedly planning a 20% increase in production for its upcoming Nintendo Switch 2 console, aiming for 20 million units. This adjustment comes despite an earlier forecast of 16.5 million units for the next fiscal year. Analysts suggest Nintendo's strategy of initially lowballing numbers and then exceeding them is a common practice.
Japan: Nintendo scraps 50 hour playtime requirement to get Switch 2 from My Nintendo
Nintendo has removed the 50-hour playtime requirement for purchasing a Nintendo Switch in Japan through the My Nintendo Store, citing high demand. The company previously implemented this rule to manage stock, but has now reverted to a one-console-per-person limit. Nintendo president Shuntaro Furukawa has apologized for ongoing stock shortages.
Nintendo president hints they’re preparing to continue support for original Switch
Nintendo president Shuntaro Furukawa has indicated plans to continue supporting the original Nintendo Switch, even with the upcoming Nintendo Switch 2. This strategy aims to gradually transition consumers to the new console while maintaining the software business for both platforms. Investments in Shiver Entertainment and Forever Entertainment may also contribute to extending the original Switch's lifespan.
Nintendo hints at even more Switch 1 games to expand ‘software business’
Nintendo President Shuntaro Furukawa indicated that the company plans to expand its software business by continuing to support the original Nintendo Switch alongside the upcoming Nintendo Switch 2. This strategy aims to leverage the existing player base of the original console, with only 40% of Tomodachi Life players owning a Switch 2, suggesting a significant market remains for Switch 1 titles.
Switch 2 price increase isn't because of one reason, explains Nintendo
Nintendo president Shuntaro Furukawa explained that the price increase for the Nintendo Switch 2 is due to various market conditions, including surges in memory and component prices, foreign exchange rates, and oil prices. Despite the price hike, Furukawa hopes the console's engaging experiences will justify the cost, and Nintendo plans to release more titles to expand its installed base. The Switch 2 has been Nintendo's fastest-selling hardware to date, though production has reportedly been cut back.
Nintendo Switch 2 Price Hiked Since Current Market Conditions Don’t Seem Temporary
Nintendo president Shuntaro Furukawa explained that the recent price increase for the Nintendo Switch 2 was due to persistent rises in manufacturing costs, including memory prices, foreign exchange rates, and oil prices. He stated that the company would have kept the original price if these cost increases were temporary. The price hike, which varies by region, aims to maintain the hardware's profitability and support the company's long-term strategy of expanding the installed base and driving software sales.
Nintendo explains why it raised the price of Switch 2, and says the issues responsible "could have an impact not only this year but next year as well"
Nintendo president Shuntaro Furukawa explained that the price increase for the Nintendo Switch 2 was necessary due to the sustained rise in memory and component costs, which are expected to impact profitability. While acknowledging this raises the barrier to entry, Nintendo aims to continue offering engaging experiences worth the price. The company also announced a remake of Star Fox 64 for the Switch 2.
The Legend of Zelda Live-action Film Release Date Moved Up
The live-action film adaptation of The Legend of Zelda has had its release date moved up to April 30, 2027, from its previously announced May 7, 2027 date. Shigeru Miyamoto confirmed the change, with Benjamin Evan Ainsworth set to play Link and Bo Bragason as Zelda. Nintendo is co-financing the film with Sony Pictures Entertainment.
Nintendo president: Switch 2 price increases due to war on Iran and AI-driven memory crisis
Nintendo president Shuntaro Furukawa explained that the price increase for the Nintendo Switch 2 is due to sustained rises in component costs, driven by AI data centers and oil prices linked to the war on Iran. These factors necessitate maintaining a healthy earnings structure for the company's hardware business. Furukawa also highlighted the importance of strong software releases, like Pokémon Pokopia, in driving hardware sales and encouraging player transitions.
Nintendo clarifies hardware price rises were due to sustained component and market costs
Nintendo president Shuntaro Furukawa explained that recent hardware price increases for the Nintendo Switch were due to sustained rises in component costs, foreign exchange rates, and oil prices, which are expected to continue. He emphasized that maintaining hardware profitability is crucial for the sustained growth of their dedicated video game platform business. Furukawa also highlighted the strong performance of the Switch and the importance of software like Animal Crossing and Pokémon Pokopia in driving hardware sales and user transitions.
Nintendo Won't Focus On Making Switch 2 Games Exclusively, Switch 1 Remains Important
Nintendo president Shuntaro Furukawa stated that the company will not exclusively focus on Nintendo Switch 2 games, emphasizing the continued importance of supporting the original Nintendo Switch. This strategy aims to expand the overall software business across both platforms, rather than solely prioritizing the new console's titles. Furukawa also discussed sales forecasts and the impact of bundled software on reported figures.
Nintendo promises a strong roster of Switch 2 games to counterbalance the recent price increases
Nintendo has announced a price increase for the Nintendo Switch 2, raising it from $449.99 to $499.99, aiming to maintain profitability amidst rising costs. President Shuntaro Furukawa promised a robust software lineup to enhance the console's value and overcome potential sales challenges, mentioning upcoming titles and potential third-party exclusives.
As The Legend of Zelda: Ocarina of Time remake rumors swirl, Nintendo boss teases "new titles beyond those already…
Nintendo president Shuntaro Furukawa has stated that the company is preparing a variety of new, unannounced titles for the Nintendo Switch 2, including for the second half of the fiscal year. While rumors of a The Legend of Zelda: Ocarina of Time remake persist, Furukawa confirmed that new games beyond those already announced are planned, despite longer development cycles.
