
Nintendo Raises Prices of First-Gen Switch, Switch OLED and Switch Lite Due to "Market Conditions"
Nintendohas raised the prices of its first-generationSwitch, theSwitch OLEDand theSwitch Litedue to 'market conditions.'
The Switch saw a $100 USD increase, going from its original price point of $299.99 USD to $399.99 USD. Meanwhile, the Switch OLED went from $349.99 USD to $399.99 USD and the Switch Lite from $199.99 USD to $229.99 USD.
'Pricing for the original Nintendo Switch™ family of systems and products will change in the United States based on market conditions, effective August 3, 2025,'Nintendo wrote, but did not specify further.The Vergeadds that the increase was announced following President Donald Trump's tariffs on Vietnam imports, where Nintendo handles a majority of its production.
In addition to increased prices of the first-gen Switch, Nintendo added that more of its products will 'also see adjustments.' This covers select accessories for the Switch 2, amiibo and the Nintendo Sound Clock: Alarmo.
While prices for the Nintendo Switch Online membership,Switch 2and its physical and digital games remain the same for now, Nintendo warned that changes 'may be necessary in the future.'
Nintendo is the latest video game giant to increase prices. In late July,Microsoftwasforced to walk backits original May 2025 announcement of raising the prices of its upcoming first-partyXboxtitles to $80 USD.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Analysis-Easy to lose, hard to restore: US data trust on the line
By Andrea Shalal and Davide Barbuscia WASHINGTON/NEW YORK (Reuters) -Donald Trump's move to fire the head of the U.S. Bureau of Labor Statistics has put trust in U.S. data reporting mechanisms on the line just as demand for reliable diagnoses of the health of the world's largest economy is bigger than ever. Examples from elsewhere show credibility is easily lost and hard to restore. A first test will be the choice to replace Erika McEntarfer, accused without evidence by Trump of manipulating U.S. job numbers after weaker-than-expected growth and large downward revisions were reported last week. "Imagine if one of your concerns is that there's a lackey in charge of the agency and the numbers are fake," said Michael Strain, director of economic policy studies at the conservative American Enterprise Institute, of an appointment Trump has said to expect within days. "That's a whole other level of problems." Policymakers, businesses and investors are scrambling to understand how Trump's attempt to up-end the global trade system will affect prices, employment and household wealth. Central banks, which once tried to guide market bets on rate moves months down the line, now say decisions are "data-dependent." The rub is that data collection is proving to be harder. Debt-laden governments have, as McEntarfer experienced, cut resources in their data departments; phone surveys, the go-to method for much macro research, are struggling to produce adequate samples as many households do without fixed lines. Trump's implicit accusation of partisanship by "this Biden Political Appointee" adds the troubling factor of a political dimension usually indicative of countries dogged by wider doubts over their democratic checks and balances. The key lesson from past examples of loss of data confidence is that it can take years for trust to be restored. 'MAN-MADE' NUMBERS When Argentina last year reported its first single-digit inflation in months, sceptics questioned the data and recalled the massive underreporting of inflation in the 2000s and 2010s for which it was censured by the International Monetary Fund. "They manipulated the data for a long time," said Aldo Abram of libertarian think tank Liberty and Progress Foundation in Buenos Aires. "It's logical people remember this and continue having doubts." Turkey has changed the head of its TUIK statistics institute four times since 2019, with opposition parties arguing the changes were political. Roger Marks, fixed income analyst at asset manager Ninety One, said the result for investors has been a "gradual erosion of our trust in the numbers." For Greece, whose efforts during the 2000s to conceal mounting public deficits fed that decade's sovereign debt crisis, it has been an equally long haul back to credibility. It required the overhaul of its ELSTAT statistics agency in 2016 and the creation of an international panel of experts to appoint its chief statistician - steps that have meant its hard-fought efforts to improve its budget are now unquestioned. It also prompted European governments to grant the Eurostat statistics arm of the European Union powers to check suspect national statistics reported to it. Longstanding doubts over the accuracy of Chinese statistics - with even former Premier Li Keqiang acknowledging in 2007 the country's output figures were man-made - have obscured genuine efforts to improve data quality, such as a new measure of youth unemployment excluding students that was released early in 2024. "There were genuine methodological reasons for the change, but because of the history around Chinese data a lot of people, particularly foreign investors, just didn't really trust that," Julian Evans-Pritchard, an analyst with Capital Economics. "That underscores to me that once you undermine confidence in the data, it is quite hard to restore that confidence." SPOILS SYSTEM Faced over the years with patchy official data, watchers of emerging economies have long sought to corroborate those numbers with other datasets. Capital Economics' China Activity Proxy is based on 18 indicators from freight traffic to electricity consumption. Another metric is found in the data and sentiment surveys provided by independent researchers in all the big economies. But they can only sketch in one perspective on the picture. "An awful lot of it is soft data: 'How do you feel? What do you think's going on?'" said Erik Weisman, chief economist and portfolio manager at MFS Investment Management in Boston. "They're not asking for specifics. They're not asking, how many widgets did you produce? How many insurance policies did you produce? How many hours worked?," he said, adding that the concerns raised by the sacking of McEntarfer could nonetheless force analysts to turn increasingly to those other sources. The most urgent question now is whether the breach in credibility which the Trump intervention has opened is now widened further or mended. Enrico Giovannini, former chief statistician for the Paris-based Organisation for Economic Co-operation and Development (OECD), said there was more scope in the U.S. for political appointments of key statistics roles than in other advanced economies which tended to make long, fixed-term appointments. "So the incoming government has to wait (to replace them), said Giovannini, who has also served in two Italian governments. "In the U.S., the spoils system works," he said of the practice of party supporters getting rewarded with government jobs. The International Statistical Institute, a professional organization for data collectors, issued a statement late on Monday that said Trump's move violated U.N. principles aimed at protecting fact-based statistics and called on his government to take steps to restore public confidence in U.S. federal data. William Wiatrowski, the BLS' deputy commissioner, will serve as acting commissioner until a successor to McEntarfer is named. Beyond that choice, some fear that further dangers may emerge from a Trump executive order on federal hiring intended to reserve posts for candidates who can prove they are "dedicated to the furtherance of American ideals, values, and interests." Aaron Sojourner, a senior researcher at the W.E. Upjohn Institute for Employment Research, said such a move would, if passed by Congress, apply to many jobs in federal economic statistical agencies. "This proposal would convert many of those jobs into political jobs where people can be fired for any reason if they displease a political leader," Sojourner said. (Writing by Mark John; additional reporting by Claire Fu in Singapore, Marius Zaharia in Hong Kong, Karin Strohecker in London, David Lawder in Washington, Leila Miller in Buenos Aires; Lefteris Papadimas in Athens, Indradip Ghosh and Sarupya Ganguly in Bengaluru; editing by Paul Simao) Sign in to access your portfolio
Yahoo
9 minutes ago
- Yahoo
Pfizer raises 2025 profit forecast as cost-cutting gains traction
STORY: Pfizer raised its full-year profit forecast on Tuesday (August 5). It said it expects to benefit from cost-cutting and a weaker dollar. The drugmaker's shares have lost more than half their value from their pandemic-era highs. It's faced falling revenue from COVID products and looming patent expirations for key drugs. The company launched cost-saving measures last year across its manufacturing and research operations in response. Pfizer said it was on track to deliver $7.2 billion in net savings from the programs by the end of 2027. The pharmaceutical industry faces added pressure from U.S. President Donald Trump to lower prices Americans pay for prescription medicines. It is also preparing for 15% tariffs on imports from the EU. Pfizer said its forecast absorbs the impact of the currently imposed tariffs on goods imported from China, Canada and Mexico. The drugmaker also beat Wall Street estimates in its second-quarter results Tuesday. It scored total quarterly sales of $14.65 billion - ahead of analyst forecasts by $1 billion. Related Videos Palantir stock surges on Q2 beat, $1B in sales: What's next Fed will 'definitely' cut rates by at least 25 bps in Sept. Pfizer's tops Q2 on post-pandemic cost cuts, drug revenue Wall Street Continues to Underestimates Palantir, Ives Says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Countries push for last-minute deals as Thursday tariff deadline looms; Trump claims 'people love the tariffs'
A dizzying array of trade crosscurrents continued Tuesday with a push for last-minute deals, lingering fuzziness on previously announced trade commitments, and indications that a deal to delay tariffs on China is "close." It all comes as global importers brace for a first deadline coming Thursday morning, when Donald Trump promises to implement a central plank of his trade agenda in the form of a tiered approach to "reciprocal" tariffs from 10% to 50%. The president has repeatedly said he's full-speed ahead on his plans and that no delays are likely — even teasing on CNBC Tuesday morning that he probably won't run for president again but that he'd like to, in part because, in his view, "people love the tariffs." (Trump is, of course, barred by the Constitution from running for a third term, but he's often floated the idea.) Some countries clearly aren't big fans at the moment and find themselves on the outside looking in — particularly Switzerland and India. Those two nations face notably divergent situations right now, with the Swiss president announcing she is flying to Washington, D.C., today to try to find last-minute concessions to avert a 39% tariff on goods from her nation. India, meanwhile, has seen its chances of a deal dwindle, with top aides for Indian Prime Minister Narendra Modi also reportedly traveling this week — but to Moscow. Trump downplayed the chances of major concessions with Switzerland during his call with CNBC Tuesday morning and added regarding India that "we settled on 25% [tariffs], but I think I am going to raise that very substantially over the next 24 hours." Trump also weighed in Tuesday morning on talks with China. Markets are closely watching for any signs of an agreement to delay a tariff snapback scheduled for Aug. 12, with Trump saying, "We're getting very close to a deal." The president also added that new sector-specific tariffs on semiconductors and pharmaceuticals are likely and that at least those pharmaceutical tariffs could be announced "within the next week or so." Read more: What Trump's tariffs mean for the economy and your wallet New details for some nations — and a focus on India and Switzerland Meanwhile, there is also some new clarity on some technical details around how the new tariff landscape will likely work beginning at 12:01 a.m. ET on Thursday. US customs officials this week offered additional technical guidance in a new document about how it'll handle some tariff exemptions. The news there may give some select importers a short-term breather. But with a full tally, according to Bloomberg Economics, the average US tariff rate is now expected to rise to 15.2% if duties go forward as planned. That's a jump from current rates of 13.3% and another jump from the 2.3% duties seen in 2024 before Trump took office. That overall landscape set to be in effect Thursday will cover nearly every country on the globe. It also comes after Trump and his team set "bespoke" rates largely based on the trade deficit, with many of America's top trading partners seeing a key new standard of 15% tariff, while others will see higher rates. Read more: 5 ways to tariff-proof your finances Countries from the European Union to South Korea to Japan also struck deals at that 15% rate, but open questions remain. Japan's top trade negotiator is also reportedly due in Washington, D.C., this week for talks to ensure that a plan proceeds to cut auto tariffs to 15%. Likewise, talks with the EU continue as negotiators there are reportedly still pushing for exemptions, such as on wine and spirits. Other Asian countries have struck deals in the 19%-20% range. Trade Representative Jamieson Greer recently said on CBS that the published rates included many agreements, "some of these deals are announced, some are not," with other nations simply being dictated tariffs based on the level of the trade deficit. Switzerland is one nation for which the US has dictated tariffs. Its delegation will be in Washington on Tuesday, set to push for lower rates. But on Tuesday morning, Trump suggested that it would be an uphill climb and that a recent call with the country didn't go well because "they essentially pay no tariffs," even as talks are clearly set to continue there. Meanwhile, any immediate offramp with India appears unlikely because of that nation's connections with Russia and Russian oil. A note Tuesday from Capital Economics suggested that India could, in theory, offer concessions to diversify its energy sources, "but we doubt that India would make a wholehearted effort to wean itself off Russian oil [as it could upset relations and] it would not play well to be seen caving to Trump's demands." At the same time, reports from Bloomberg and the Times of India revealed that two top aides to Indian Prime Minister Narendra Modi are traveling not to the US but to Russia in the coming days and weeks, even amid Trump's ever-escalating threats. Trump on Tuesday morning suggested talks are on ice for now and will be complicated when they resume, adding that "the sticking point with India is that tariffs are too high." Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati