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Here in Europe the Switch hasn't been quite as successful as US or Japan so Nintendo are under a little more pressure to price cut over here.

And where is that myth still coming from that the Switch is in some kind of trouble in Europe...? Just because it is not doing the exact same gangbuster numbers as in the US and Japan, doesn‘t mean Nintendo has to already lower the price or anything. As far as we know, the Switch is still selling great numbers all around Europe with maybe the exeption of UK, where it still is doing decently.