Switch 2: Nintendo Warns Of Substantial Negative Impact From Tariffs
The Switch 2 is launching in early June amid ongoing drama and uncertainty about tariffs, and now Nintendo has put a dollar amount to how much of a negative impact it's forecasting as a result.Speaking to analysts and investors as part of the company's latest earnings briefing, Nintendo president Shuntaro Furukawa said Nintendo has factored in a negative impact of "several tens of billions of yen at the profit level." Ten billion yen equals about $67 million, so it's not a small amount.Furukawa said Nintendo is basing this off the US tariff rates effective April 10. It's now mid-May, and things have developed since then. Just recently, the US and China reached an agreement that sees the US drop its previous 145% tariff rate on China down to 30%, with China lowering its rate on the US from 125% to 10%. This deal is set to last for 90 days, which would take it beyond the Switch 2 release date.Continue Reading at GameSpot
The Switch 2 is launching in early June amid ongoing drama and uncertainty about tariffs, and now Nintendo has put a dollar amount to how much of a negative impact it's forecasting as a result.
Speaking to analysts and investors as part of the company's latest earnings briefing, Nintendo president Shuntaro Furukawa said Nintendo has factored in a negative impact of "several tens of billions of yen at the profit level." Ten billion yen equals about $67 million, so it's not a small amount.
Furukawa said Nintendo is basing this off the US tariff rates effective April 10. It's now mid-May, and things have developed since then. Just recently, the US and China reached an agreement that sees the US drop its previous 145% tariff rate on China down to 30%, with China lowering its rate on the US from 125% to 10%. This deal is set to last for 90 days, which would take it beyond the Switch 2 release date.Continue Reading at GameSpot
