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We suspect Goldman analysts Minami Munakata and Haruki Kubota will soon update clients on today's report from The Verge. The report reveals that Nintendo is delaying preorders for the new Switch 2 due to the fallout from President Trump's "Liberation Day" tariff blitz and China's retaliatory measures, which are roiling global markets and trade. 

Nintendo spokesperson Eddie Garcia told The Verge:

Nintendo plans to launch the Nintendo Switch 2 (the successor to the Nintendo Switch) on June 5. There's still no word from Garcia about when preorders will begin. 

There's still no word on Switch 2 pricing following the new effective tariff rate of 24% on Japanese goods, as The Verge noted.

Last month, Goldman analysts Minami Munakata and Haruki Kubota were super bulls on Nintendo, noting that "the global games market re-entered a growth phase since 2024" and forecasted "the number of active consoles to continue renewing fresh highs globally from 2025."

Their bullishness in the gaming industry was mainly because Switch 2 would "unlock dormant hardware and dormant users" and send "the number of active consoles to continue to renew record highs." 

However, with tariffs in play, the Switch 2 and its accessories will likely be priced higher. That raises a key question for the analysts—likely to be addressed in a client note this weekend:

• Will the increased cost of the device prompt a revision to their active console forecast?

• And, in turn, could a downward revision in the forecast trigger a 12mo price target cut for Nintendo shares in Tokyo?

. . .