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Nintendo says tariffs weren’t factored into the Switch 2’s $450 price as the industry braces for impact

Nintendo on Monday hinted that it’s not ruling out an upward adjustment of the $450 US price tag of its Switch 2 console.

“As we priced the Switch 2... we didn’t consider tariffs into that equation,” Nintendo of America President Doug Bowser said in an interview with CNBC. “We’re still all trying to really understand it better and understand what possible impacts may rise from that.”

Nintendo has been reeling since last week, when the Trump administration announced major tariffs on countries core to its supply chain, including Vietnam (46%), Cambodia (49%), and China (54%). Japan was tagged with a 24% levy.

The idea that tariffs didn’t play any factor in the steep cost of the new system doesn’t exactly engender optimism for US gamers holding out hope that Nintendo wouldn’t pass the levies on to consumers. On Friday, the gaming juggernaut paused US preorders of the console, which were set to begin Wednesday — which happens to be when the tariffs unveiled last week go into effect.

Still, Nintendo isn’t alone in its trade policy vulnerability. Sony and Microsoft also produce millions of consoles in tariffed countries. As a spokesperson for the Entertainment Software Association, a US video game trade group, told IGN Friday, “If we think it’s just the Switch, then we aren’t taking it seriously.”

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“Madden” maker EA surges on report it’s nearing $50 billion deal to go private

Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.

According to the WSJ, an investment group including Saudi Arabias Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EAs most intimidating competitor, Grand Theft Auto publisher Take-Two Interactive, climbed nearly 5% on the report.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EAs most intimidating competitor, Grand Theft Auto publisher Take-Two Interactive, climbed nearly 5% on the report.

$12.5B 🛍️

Uber’s relying less on pad thai from 0.8 miles away. The company expects gross bookings (what customers spend) of non-restaurant deliveries to grow to $12.5 billion by the end of the year, according to reporting by Bloomberg.

The new forecast marks a 25% boost from the $10 billion estimate Uber shared in May for the delivery of groceries and items from retail partners like Best Buy.

Through the first half of the year, Ubers total delivery gross bookings climbed to more than $42 billion, up about 18% year over year. That nearly matches the gross bookings of its ride-hailing business in the same period.

NikeSKIMS

Nike, trying to break out of its funk, launches its high-stakes collab with Kim Kardashian’s Skims

The partnership champions women athletes and tests how far Kim K’s star power can stretch in the women’s activewear arena.

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