Get the latest tech news
US tariffs cause Nintendo and Sony stock to plunge
Japanese game stocks have dropped following the 'Trump Tariff' announcement.
US president Donald Trump imposed wide-reaching trade tariffs last week, with some of the highest levies targeting countries which also happen to be critical centres of video games hardware manufacturing. As shared by industry analyst Dr Serkan Toto, on Monday morning at 10am Japan time, Nintendo's stock was down by 7.35 percent. Ahmad continued: "The good news is that the initial stockpiling + Japan manufacturing + PS5 being mid to late gen at this point (profitable on per unit basis) + PS5 Pro likely priced at $700 in anticipation of some potential tariff impact, means that even with a price increase, the increase may not be as significant as it would be for new tech products.
Or read this on Eurogamer
