Please support Game Informer. Print magazine subscriptions are less than $2 per issue
News
Sony Says PlayStation Consoles May Be Priced Higher In America Due To Tariffs
Recently, U.S. president Donald Trump threatened all products exported from China with a 25 percent tariff upon entering the United States. Shortly thereafter, Microsoft, Nintendo, and Sony all signed a joint letter encouraging the administration not to pursue the tariffs as it would necessitate raising prices of their products. During an earnings meeting this week, Sony reiterated this, suggesting PlayStation consoles may in fact go up in price for where they already are.
Sony finance chief Hiroki Totoki was asked about the issue and remarked that the tariffs would be fairly destructive to the PlayStation hardware business, as the extra 25 percent would have to be passed on to consumers. Right now, existing tariffs on Chinese products are absorbed by the console manufacturers, but the escalation will make that no longer possible.
"We believe, and therefore have told the U.S. government, that higher tariffs would ultimately damage the U.S. economy," Totoki said on Tuesday.
According to the Wall Street Journal, "most" PlayStation products and components are made in China, which likely makes it impossible to suddenly shift production elsewhere. For their part, Nintendo has anticipated the tariffs will go through and has moved manufacturing of the Switch and Switch Lite out of China. Microsoft's Phil Spencer has said that the price of the Xbox One successor will depend on those tariffs, as well.
On
On
Off
Off
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
