United Kingdom, Nov. 7 -- Nintendo has indicated it has no plans to raise the price of the Nintendo Switch 2, even as rivals Sony and Microsoft move to increase the cost of their consoles.

Speaking during a recent shareholder Q+A, Nintendo president Shuntaru Furukawa said the company expects to maintain current profitability for its new hardware thanks to cost savings achieved through mass production, despite global inflation and rising component prices.

Furukawa explained: "While we are aware that the costs of various materials are rising, we also anticipate some areas where cost reduction may be achieved for Nintendo Switch 2 through ongoing mass production efforts.

"We believe we'll be able to maintain the current level of profitabi...