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Nintendo Switch 2 sales plunge as price hikes and memory crunch bite

CNBC • November 5, 2026 • technology

Key Points:

Nintendo's Switch 2 sales dropped 41% year-over-year to 2.67 million units in the fiscal second quarter, impacted by recent price hikes amid rising memory chip costs.
The company raised Switch 2 prices in key markets including the U.S., Canada, and Japan, responding to a global shortage and surge in memory component prices.
Despite the sales decline, Nintendo maintained its full-year Switch 2 sales forecast of 16.5 million units through March 2027.
Fiscal second-quarter revenue and net profit fell short of market expectations, with revenue at 448.2 billion yen and net profit at 73.5 billion yen.
Investors are looking to the recent release of "The Legend of Zelda: Ocarina of Time" remake and upcoming 2027 Pokémon titles to rejuvenate Switch 2 sales momentum amid concerns over a lack of major blockbuster games.

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