Japanese companies Nintendo Co. and Sony Group Corp. are likely to raise prices on their gaming consoles due to significant tariffs imposed by the United States on imports from China. This anticipated price hike may present unexpected financial challenges for consumers looking to purchase the new Switch 2 and PlayStation 5.
Nintendo Co. has recently shared some noteworthy information regarding the debut of its upcoming gaming console, the Switch 2. Due to recent global import tariff adjustments initiated by the administration of President Donald Trump, the company has opted to delay the acceptance of pre-orders in the United States. This move has captured the attention of gamers and investors alike.
This week, Nintendo is set to announce eagerly anticipated details about its new console, the Switch 2. Investors are keenly awaiting information on pricing and the release date of the successor to the renowned Switch, which revolutionized portable gaming.
According to a recent report by research firm Newzoo, video game consoles are poised to become a primary factor for market growth in the coming years. High demand for the anticipated game "Grand Theft Auto VI" from Take-Two and the next-generation Switch from Nintendo is expected to boost industry development through 2027.
