The Vergecast · Thursday, August 6, 2026
Nintendo announced a 150% profit increase in its first quarter, driven by strong game sales and a substantial tariff refund from the US government. Despite previously raising prices on consoles and citing tariffs as a reason, the company is retaining the refund. Sony is also keeping its tariff refunds for PlayStation price increases and is facing lawsuits from users.
“Nintendo just made a bunch of money, thanks in part to a $300 million tariff refund.”
“The company reported a 150% profit increase in its first quarter, thanks to strong game sales and a whopping big check from the US government.”
“Despite raising prices on Switch consoles and blaming tariffs, Nintendo is keeping the refund, and it's not alone.”
“Sony is also keeping its refunds from PlayStation price increases, and both companies are now facing lawsuits from users.”