Game On: Nintendo maintains Switch 2 console pricing

“Game On” is The Fly’s weekly recap of the stories powering up or beating down video game stocks.

NEW RELEASES: Among this week’s new releases is Bethesda’s (MSFT) “The Elder Scrolls IV: Oblivion Remastered,” a remaster of the 2006 role-playing game of the same name. The remaster, which was officially unveiled Tuesday morning, is out the same day for Xbox Series X/S, PC, and PlayStation 5 (SONY) and is releasing day one on Xbox Game Pass. Also out this week is Kepler Interactive RPG “Clair Obscur: Expedition 33,” which is set to release April 24 for PS5, Xbox Series X/S, and PC. The game will also be available day one on Xbox Game Pass.

NINTENDO UPDATE ON SWITCH 2 PRICING: After initially delaying pre-orders for its new Switch 2 consoles amid chaos and uncertainty around tariffs, Nintendo (NTDOY) announced late last week that retail pre-orders for Nintendo Switch 2 will begin on April 24, 2025. At launch, the price for Nintendo Switch 2 in the U.S. will remain as announced on April 2 at $449.99, and the Nintendo Switch 2 + “Mario Kart World” bundle will remain as announced at $499.99. Pricing for both physical and digital versions of “Mario Kart World” at $79.99 and “Donkey Kong Bananza” at $69.99 will also remain unchanged at launch.

However, Nintendo Switch 2 accessories will experience price adjustments from those announced on April 2 due to changes in market conditions. Other adjustments to the price of any Nintendo product are also possible in the future depending on market conditions. “We apologize for the retail pre-order delay, and hope this reduces some of the uncertainty our customers may be experiencing,” the company said. “We thank our customers for their patience, and we share their excitement to experience Nintendo Switch 2 starting June 5, 2025.”

EA PRICE TARGETS: Last week, Morgan Stanley lowered the firm’s price target on Electronic Arts (EA) to $135 from $150 and kept an Equal Weight rating on the shares. The firm is lowering estimates “across the board” for its North American internet stock coverage as it details macro and tariff impacts to e-commerce and digital ads.

Meanwhile, JPMorgan raised the firm’s price target on Electronic Arts on Tuesday to $135 from $125 and kept a Neutral rating on the shares. Ahead of Q1 earnings, the firm reduced estimates, multiples, and price targets for most Smid-cap internet and video game companies to reflect macro and tariff uncertainty. The analyst cut revenue estimates up to 5%, with the largest revisions to names that face direct tariff and macro risk.

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