Gamers have felt the impact of Trump’s tariffs as Microsoft has already raised prices of its Xbox consoles by more than 20%.

Sony also believes it will sell fewer PS5 consoles this coming fiscal year, and industry analyst Dr Serkan Toto says: "It's not easy to do business for a console manufacturer these days: there are tariffs, inflation, higher production costs, slower pace of first-party releases, or general political uncertainty about the future to consider."

Sony has sold 77.8 million PlayStation 5s since the console first went on sale in 2020, after shipping 2.8 million units in its latest quarter.