Nintendo and Sony are raising prices for the Switch 2 and PS5 respectively, citing rising memory chip costs and pressure on global semiconductor supply chains from AI infrastructure demand. The price increases reflect broader supply chain stress as competition for advanced chips intensifies.

TOKYO, Japan (AFP)—Japanese gaming giant Nintendo said Friday it will hike the price of its Switch 2 gaming console as memory chip costs soar, warning that net profit would fall 27 percent this year. Sony -- whose PlayStation5 has already risen in price -- was more upbeat, projecting a 13-percent rise in income but still with falling sales of its ageing console. Nintendo said the Switch 2 price in Japan will rise 20 percent from May 25, and from September 1 by 11 percent in the United States to $499.99 and in Europe by six percent to 499.99 euros.