Nintendo's dropping big bucks on something
It feels like we’ve been talking about Switch Pro rumors for almost as long as the Switch has been around. There’s no doubt we’ve been covering Switch Pro speculation for multiple years, and the latest documents revealed by Nintendo have once again stoked the fires.
As part of Nintendo’s annual general meeting of shareholders, the company shared some costs that they’ve incurred recently. Pretty much everything was in line with what was expected, minus one outlier. There seems to be something going on with Nintendo’s raw materials costs.
In 2022, Nintendo’s raw materials costs are more than double that of 2019. Why compare the latest expenditures to those of 2019? That happens to be the year Nintendo released both the Switch Lite, and the revamped version of Switch meant to stave off piracy issues. That was certainly a pricey time for the Big N, but what on earth could make their raw materials costs more than double that figure in 2022?
As usual, there’s a couple ways of looking at things. This bigger number could point to Nintendo working on some sort of major hardware revamp/release, and that dovetails nicely with Switch Pro rumors. On the flipside of the coin, these expenses could show just how costly raw materials are right now. Numerous companies are having trouble securing the materials they need to build hardware, as they’re in limited supply. As everyone knows, the less there is of something, the higher the price climbs.
Again, all we know for sure is that Nintendo’s raw materials costs have more than doubled in 2022. We don’t have a definitive answer as to why, and unfortunately, we don’t think Nintendo is going to explain the situation.