News Summary

• Nintendo announced Friday it would raise the price of its Switch 2 consoles to $500 starting Sept. 1.
• The price increase of $50 is the first time the Switch 2 has gone up in cost since its launch last June.
• The core reason for the price increase is the same for almost all of tech right now: the global memory shortage, aka "RAMageddon" Sony had to increase the cost of the PS5 Pro, rising from $750 to $900.
• Microsoft made similar adjustments to its Xbox Series X and S consoles.