Earlier this week, Sony sent shockwaves through the industry by announcing a price increase for the PlayStation 5 in certain regions. While the PS5 will remain at the same price in the US, it will increase in Europe, UK, Japan, China, Australia, Mexico and Canada.

Sony cited “high global inflation rates” and “unfavorable monetary trends” as the reason for the price increase. But seeing as these are global issues, it’s led many to wonder if Microsoft or Nintendo will follow suit with the Xbox Series X|S and Nintendo Switch.

Microsoft has already ruled out a price increase and now Nintendo has reacted. Here’s Nintendo’s full statement (via Eurogamer):

“As our Chairman, Mr. Furukawa, said at the 82nd Annual General Meeting of Shareholders in June:

“While we cannot comment on pricing strategies, we currently have no plans to change the price of our hardware due to inflation or increased procurement costs in each country. We will determine our future pricing strategies through careful and ongoing deliberation.

“While the final price to consumers is still determined by retailers, as Mr. Furukawa said, Nintendo has no plans to increase the retail price of its hardware.”

So while no price increase is imminent for the Nintendo Switch, Nintendo hasn’t ruled out the possibility down the line either. Only that the current plans do not foresee a price increase. However, these deliberations could eventually lead to price increases down the line.

The gaming industry has been hammered by supply constraints that have prevented many gamers from getting their hands on the coveted PlayStation 5 and to some extent the Xbox Series X and Nintendo Switch.

As things stand, the PlayStation 5 is the most expensive of the current consoles. It will be interesting to see how the price increase affects its sales compared to Xbox Series X|S and Nintendo Switch. With an Xbox Series X just as powerful, if not more powerful than the PS5, will consumers turn to Xbox?

Sony did not say whether this price increase is permanent or only until the supply chain problem and inflation are brought under control. But even if it’s the latter, who knows how long it will be before that happens?