Nintendo Co said it will increase the price of its Switch 2 console to US$500 (RM1,955) from US$450 (RM1,760), acknowledging pressure on profitability of its flagship device heading into its second year on the market.

The Kyoto-based company will make the global change on September 1, it said in reporting its full-year earnings on Friday. It offered a surprisingly downbeat outlook for performance in the current year, with a forecast of 370bil yen (US$2.4bil/RM9.4bil) in operating profit far below the 480bil yen (RM12bil) average of analyst estimates.