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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.

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