"No plans" to summation Switch cost.

Nintendo has joined Microsoft successful responding to this week's daze PlayStation 5 terms hike, and said it had "no plans" to likewise bump up the Nintendo Switch's cost.

In a connection issued to Eurogamer this morning, Nintendo confirmed it had "no plans to summation the commercialized terms of its hardware".

The effect goes further than that of Microsoft's, which past nighttime noted Sony's melodramatic decision by simply stating it was keen to "offer our fans large gaming options", earlier reiterating the Xbox Series X and S's motorboat terms point.

Nintendo's afloat connection includes a punctuation from institution president Shuntaro Furukawa, fixed during its June AGM, and past reiterates that Nintendo's prices are staying enactment for now.

Here's that connection successful full:

"As our president Mr Furukawa stated astatine the 82nd Annual General Meeting of Shareholders successful June:

"'While we cannot remark connected pricing strategies, we presently bash not person immoderate plans to alteration the terms of our hardware owed to ostentation oregon accrued procurement costs successful each country. We volition find our aboriginal pricing strategies done cautious and continued deliberations.'

"While the last terms to consumers is ever determined by retailers, arsenic Mr Furukawa stated, Nintendo has nary plans to summation the commercialized terms of its hardware."

Yesterday, Sony stunned the games manufacture by announcing an unprecedented terms summation for its PlayStation 5 basal exemplary and discless version, which volition present some outgo £30 much successful the UK and €50 much successful Europe.

Elsewhere astir the world, Japan, China, Australia, Mexico and Canada volition besides spot terms rises. But the US volition not spot a terms emergence astatine this time.

PlayStation brag Jim Ryan blamed the terms rises connected "high planetary ostentation rates, arsenic good arsenic adverse currency trends, impacting consumers and creating pressues connected galore industries" and said it had been a "difficult decision".

The determination was wide criticised, particularly astatine a clip erstwhile galore are facing accrued economical hardship.

Speaking to Eurogamer, expert David Gibson of MST Financial explained that Sony's determination was owed to overseas speech costs.

"Sony would person budgeted connected definite transverse rates versus its costs successful dollars," Gibson explained, "but the lb and different currencies person each moved due to the fact that of rising involvement rates.

"Yes, freight rates person gone up but the semiconductor marketplace is improving and DRAM prices are falling.

"The information Sony didn't alteration US prices shows however it's mostly a forex concern versus costs successful dollars, and not inflation."

However, reacting to the quality yesterday, manufacture expert Piers Harding-Rolls suggested that - nevertheless unpopular this determination mightiness beryllium - the changes were improbable to dent pent up demand, oregon Sony's bottommost line.