New Delhi, May 8 -- Nintendo reportedly raised the price of its Switch 2 console, even as its financial outlook had come in weaker than expected. Nintendo has set pricing for its next-generation console and outlined a softer sales outlook in its latest earnings statement, according to CNBC.

The company said it expects to sell 16.5 million units of the Switch 2 in the fiscal year ending March 31, 2027, down from 19.86 million units sold in the previous year. The updated forecast signals a moderation in sales momentum as Nintendo transitions to its next hardware cycle following the success of the original Switch platform.

Nintendo also said the US price of the Switch 2 will increase by $50, from $449.99 to $499.99. The revised pricing was...