Nintendo Switch 2 sales fall 41% after price hikes and the memory crunch

Nintendo sold 2.67 million Switch 2 units in the quarter to Sept. 30, down 41% from a year earlier and below the 3.82 million of the prior quarter, CNBC reports. The company raised prices in the US, Canada and Japan after an earlier hike in Japan, as a supply shortage of memory chips drives an unprecedented price surge for the component. Nintendo still expects 16.5 million units in the fiscal year to March 2027. "Nintendo's only real blockbuster this fiscal year is the Ocarina Of Time remake. It's not enough to make investors happy, especially after the device is now as expensive as it is," Serkan Toto of Kantan Games told CNBC. The Zelda remake was released Thursday; new Pokémon games are slated for 2027. "It's getting harder and harder to sell video game hardware these days, and only hits help," Toto added.