The Legend of Zelda: Tears of the Kingdom will retail for $70, it’s been confirmed.

FollowingNintendo’s latestNintendo Directlive stream on Wednesday, the company confirmed theSwitchtitle will have an increased price point.

Confirmed: Zelda: Tears of the Kingdom is the first $70 Switch game

In addition to the standard version, which will be available at a suggested retail price of $69.99, a Tears of the Kingdom Collector’s Edition will release at a suggested retail price of $129.99, and includes a physical version of the game, an artbook with concept art, a Steelbook case, an Iconart steel poster and a set of four pin badges.

This marks the first time Nintendo has charged more than $59.99 for a standard edition of a digital Switch game. Rival console firmsPlayStationandXboxraised all their first-party game prices to $70 over the past two years.

The Legend of Zelda: Tears of the Kingdom (Switch)…

Zelda: Tears of the Kingdom guides:

Master Sword location|How to increase inventory space|How to increase hearts and stamina|How to get warm clothes|Wingsuit location|Hylian Shield location|Duplication glitch

It’s not yet clear whether retailers will honour existing $59.99 pre-orders, thoughAmazontends to honour the lowest price a product reaches during its pre-order period.

The Legend of Zelda: Tears of the Kingdom - Collec…

Alongside today’s new trailer, Nintendo has released27 new The Legend of Zelda: Tears of the Kingdom screenshots.

Earlier this weekNintendo’s president told investorsthat the company had “done our best to maintain both the value and price of hardware and software within our long term business strategy”, and that it does “not believe that any changes to this policy are necessary at this stage”.

PlayStation VR2$399.99£405£459£529.99$549.99

Nintendo publishedits latest financial resultson Tuesday, in which it said fluctuations in foreign exchange markets had contributed to a decline in sales and profits, despite strong sales of Switch games and hardware.

Nintendo presidentShuntaro Furukawareportedly said in an earnings briefing that the company does not plan to raise software or game console prices in response to market conditions in Japan, but would consider doing so if circumstances demanded it.

PlayStation Portal$196.98$199$199£199£199.99