Article provided by Cuponation Australia. Prices quoted are in US Dollars
Cuponation Australia, a specialist in savings, delved into some market research to see how the prices of videogame consoles has changed through the last 30 years. The data includes prices from the launch of the first Nintendo video console in 1985 till their latest console release, the Nintendo Switch (March 2017). To see the evolution of prices, the research considered the inflation rate from the corresponding year of release.
Gaming has become cheaper by 24% (on average) over the last 30 years
The result shows that nowadays consumers are paying 24% less than 30 years ago. The price trend shows that each brand had lowered their prices since the launch of the first videogame console. It seems that Sega became 32% cheaper by their last console, Playstation cut their prices by 15%, Xbox and Nintendo by 25% and 29% respectively. The first videogame console produced by Nintendo, the NES, would cost $420USD nowadays which is already more than what you would pay for the Nintendo Switch. We obviously would not know the impact of inflation to the cost of the Nintendo Switch in future years.
Nintendo remains consistent in its pricing policy
The launch prices of Nintendo systems have remained relatively stable over the last 30+ years, with the exception being this year. The Nintendo Classic Mini from 2016 was not taken into consideration as it was not a next gen console. In relation to consoles from Xbox, PlayStation and Sega, consumers would notice some significant jumps in pricing over the decades – the launch of Sega’s Saturn in 1995, would cost $629.29USD in today’s money and the PlayStation 3, launched in 2007, would cost $578USD today.
The top 3 closest competitors in terms of price to Nintendo Switch ($299USD):
1) Xbox One S, launched in 2016 with inflation price of $299USD
2) Nintendo 64, launched in 2005 with inflated price of $298USD
3) Sega Dreamcast, launched in 1999 with inflated price of $288.11USD
source: Cuponation Australia
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