"The profitability of our hardware would suffer significantly." Image credit: Nintendo/Eurogamer Nintendo has offered a more detailed explanation about why it raised the price of Switch 2 , revealing that, unfortunately, it doesn't expect the inflated price of computer memory and components to fall any time soon. "If the increase in costs were seen as something temporary that would subside relatively soon, then we could have pursued other options, such as working to improve productivity and expand the installed base while maintaining hardware prices," said Nintendo president Shuntaro Furukawa in an earnings call that followed the recent full-year results ( transcript translated by Nintendo ). "Unfortunately, the recent surge in memory and other component prices, and the changes in the market environment, including trends in the foreign exchange market and the price of oil, are all factors that we anticipate will continue over the medium to long term.…