The announcement of the Nintendo Switch 2 didn't have anything to do with the plummeting sales of the original console according to shuntaro Furukawa.

We are aware that inflation is currently rising and that the exchange rate environment has changed significantly since the launch of the Nintendo Switch in 2017. We also need to consider the affordable prices that customers expect from Nintendo products.

The president of Nintendo has given the first official update on how much the upcoming Switch 2 console will cost. An exact price has not yet been confirmed by Nintendo but in the past few months, there have been a few different rumours that the console will cost around $400.