And while you can currently buy a new PS5 in the US for less than a Switch 2, that isn’t true in Japan — after three price hikes, the cheapest PS5 Digital Edition now costs ¥72,980, 46 percent more than the new Japan-only Switch, and Sony’s pricey PS5 Pro costs a staggering ¥119,980 there.

Last week, Nintendo made the unprecedented move of delaying US Switch 2 preorders to "assess" the impact of Donald Trump's massive tariffs on the countries where the console is produced. That move has left many wondering if the company may be mulling a last-minute increase in the Switch 2's $450 asking price to account for those import taxes.

Japanese entertainment giants Nintendo Co. and Sony Group Corp. are likely to raise prices on their game consoles in response to US tariffs, according to the latest research from Bloomberg Intelligence.