Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 yen to 59,980 yen.

Sony, Microsoft and Nintendo have all raised their console prices as AI companies drive up memory costs.

The Switch 2 price hike follows similar increases in the prices of other game consoles and consumer electronic devices in the past few months.

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