Business
business

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.”

More Business

See all Business
Family Watching Baseball On Tv

Netflix and Disney+ probably only added ad-tier subscribers this year, says Morgan Stanley

As streaming prices climb, ad-free subscribers are becoming a rarity.

Aldi Grand Opening

Discount stores are having a moment in America, drawing high- and low-income consumers alike

Everyone loves a deal in 2025 — and Aldi, Walmart, and Dollar Tree are all cashing in.

Millie Giles12/17/25
business

Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

business

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.