Comment on Nintendo is raising the price of the Switch 2, blaming 'market conditions'
RightHandOfIkaros@lemmy.world 3 days agoOkay, lets be real. The companies were frothing at the mouth just looking for an easy scapegoat excuse whether it fits or not. They were going to increase the prices regardless of world conditions as they pull in record profits quarter after quarter. Its just easy for them to blame tariffs or other things to take the heat off of the reality that they are just immensely greedy.
echodot@feddit.uk 3 days ago
All of them, at exactly the same time?
nomy@lemmy.zip 3 days ago
Sure, price fixing is a thing that happens all the time even though it’s illegal.
Why do you guys defend corporations? They’ve shown time and time and again they’re pure evil motivated only by profit. They don’t get the benefit of the doubt.
RightHandOfIkaros@lemmy.world 3 days ago
The big 5 in DRAM chips manufacturers literally got fined by the FTC for price fixing in 2002. They admitted to price fixing from 1998-2002.
Verdun Oil and XLC Resources just got fined in 2025 for purposefully shutting down EPs crude oil drilling plans prior to a merger notification to antitrust authorities (called gun-jumping) which caused a massive crude oil supply shortage whcih was intentional to keep prices high.
Medical companies got fined this year for price fixing on insulin.
The prices were always going to go up regardless of the economy or the current US president, because the prices aren’t effected by those nearly as much as they are effected by shareholder greed and demand for short term profit at the expense of everything else.
tomkatt@lemmy.world 3 days ago
Don’t forget they essentially did the same from 2016-2018, though that case was dismissed and they got away with it, even though there was seemingly obvious collusion. Weird how even though the case was dismissed, RAM prices utterly tanked for a while after.
RightHandOfIkaros@lemmy.world 3 days ago
Why wouldn’t they? Once a few start increasing their prices, others will either have to (such as small businesses when their suppliers increase prices), or will follow suit out of immense greed (GPU manufacturers already made huge net profit, they didn’t need more). All it takes is for a few businesses at the bottom to start turning the valves and the whole system falls apart, regardless of economy.
This is why when prices go up during a bad economy, once the economy is good the prices never ever go back to the amount they were before. Ever. The prices go up and always stay up.