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Trump's tariffs forced Sony to pay a whopping $194 million in import-related fees in Q3.
The company revealed the figure in its earnings report for July to September, which notes a 30 billion yen tariff impact since the company manufactures much of its hardware, including the PS5, in China.
The Trump administration recently reached a deal with China to reduce tariffs on Chinese imports by 10 percentage points starting this week. So, Sony has revised its projections and now expects to pay only 50 billion yen ($324 million) in tariffs during the operating year, down from a previously estimated 70 billion yen.
Hopefully, this means Sony won't impose any more price hikes. To offset its substantial tariff bill, the company raised prices for all versions of the PS5 by $50 in August. (Microsoft also announced two price hikes for the Xbox in the US this year.)
In the earnings report, Sony added that demand has slowed in the US primarily due to the impact of additional tariffs, but said that's "essentially in line with our previous forecast, and global demand remains solid, primarily because of Asia." In total, the vendor has sold 84.2 million PS5 units, including 3.9 million in Q3, up from 3.8 million in the same quarter last year.
Apple is also facing a $1.1 billion tariff bill for the quarter.
