We have evidence that Nintendo had been importing hundreds of thousands of Switch 2s into the US since January, so those would obviously be exempt from the tariffs (since, y'know, they didn't exist when they were imported) so the best theory I've seen is that those will sell through, Nintendo will eat the loss on the tariffs for the rest of the year for future Switch 2's (obviously they don't wanna hug over their first holiday season by doing a price increase), and then likely do a global price increase in 2026 to offset the increased tariffs.