"As an aside, Nintendo also explored raising prices on Switch 2 when tariffs were temporarily at 10% for Vietnam. Now they're at 20%. This is definitely impacting margins for them. While they may not be willing to raise prices right now, I can see them reconsidering next year [2026]."

PlayStation has followed suit with Nintendo and Microsoft, upping its console pricing. So how do these gaming systems stack up now?

California Governor Gavin Newsom blames the PS5 price hikes on President Donald Trump as tariff concerns affect the gaming market.