Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 yen to 59,980 yen.

With a surprise 'Star Fox Direct' released on May 6, Nintendo finally confirmed the existence and arrival of a new Star Fox game on Nintendo Switch 2. The original Nintendo Switch won't be getting this reimagining of the excellent rail shooter, which sports a complete overhaul of its presentation and substantial content additions.

The designer responsible for some of Nintendo's most influential games, including Yoshi's Island and Zelda: A Link To The Past, is set to retire this year.

While all eyes are on the Switch 2 console following the release of Nintendo's financial results briefing today, its predecessor has continued to cement itself as Nintendo's best-selling console of all time with 155.

Despite all this success, Nintendo has still lowered its expectations for the Switch 2. Over the next year the estimate has been reduced from 19.86 million new sales to 16.5 million, which is no small drop. Although the price increases—especially the far more significant rises in Japan—will likely make up for a big chunk of the expecting income.

Takashi Tezuka is stepping down at the end of June. He joined the company in 1984, and worked on the original Super Mario Bros. and Legend of Zelda games, before directing titles including Super Mario Bros.