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Take-Two Feels 'Reasonably Confident' It Won't Be Affected by Tariff Changes
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<blockquote data-quote="Admin" data-source="post: 67205" data-attributes="member: 1"><p><img src="https://assets1.ignimgs.com/2014/12/03/gta-vjpg-c4a3a2.jpg" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></p><p>We've been writing a lot lately about the ways in which the ongoing tariff chaos in the United States might <a href="https://www.ign.com/articles/new-us-tariffs-will-impact-consoles-gpus-and-physical-games-say-analysts" target="_blank">impact the games industry</a>, from <a href="https://www.ign.com/articles/nintendo-issues-conservative-switch-2-sales-forecast-amid-uncertainty-around-tariffs" target="_blank">consoles</a> to <a href="https://www.ign.com/articles/nintendo-switch-2-pre-orders-to-begin-on-april-24-in-us-price-remains-449" target="_blank">accessories</a> to software. And while <a href="https://www.ign.com/articles/esa-responds-to-trump-tariffs-if-we-think-its-just-the-switch-2-then-we-arent-taking-it-seriously" target="_blank">some folks</a> seem to be fairly concerned over <a href="https://www.ign.com/articles/nintendo-president-concerned-about-potential-impact-of-us-tariffs-on-switch-2-demand-if-prices-of-daily-necessities-like-food-increase-then-people-will-have-less-money-to-spend-on-consoles" target="_blank">how this might impact both consumers and business</a>, Take-Two CEO Strauss Zelnick seemed relatively unphased by the idea of tariffs on today's Q&A call with investors.</p><p></p><p>Toward the end of the call, Zelnick was asked whether he was concerned specifically about potential console price increases and their impact on the overall gaming ecosystem. This was referring to the recent price bump on <a href="https://www.ign.com/articles/microsoft-raises-the-price-of-all-xbox-series-consoles-xbox-games-confirmed-to-hit-80-this-holiday" target="_blank">Xbox Series consoles</a>, and the <a href="https://www.ign.com/articles/sony-considering-price-rises-amid-685-million-impact-on-its-business-from-tariffs-could-the-cost-of-ps5-go-up" target="_blank">expected PlayStation 5</a> increase <a href="https://www.ign.com/articles/microsoft-raised-xbox-console-and-game-prices-analysts-say-playstation-and-everyone-else-could-be-next" target="_blank">that may follow</a>.</p><p></p><p>Zelnick believes that confusing as the tariff back-and-forth is, Take-Two's fiscal guidance is fairly set in stone, at least for the coming year:</p><p></p><p></p><p></p><p>Zelnick has reason to be confident. As he points out, most of the games Take-Two will release in the coming fiscal year are coming to platforms people largely already own. A few people buying or not buying an Xbox Series or a PS5 or even a Nintendo Switch 2 isn't going to make a massive difference. What's more, much of Take-Two's revenue comes from digital purchases in ongoing games like GTA V, Red Dead Redemption 2, and its mobile business, which aren't subject to tariffs at all.</p><p></p><p>Still, as Zelnick notes, everything is still up in the air. We've spoken to analysts numerous times over the last few months on the subject of tariffs, and all of them have reiterated that the situation is ever-changing and unpredictable, which even the CEO of Take-Two is leaving room for.</p><p></p><p>We spoke directly to Zelnick ahead of the investor call about the company's quarter, including discussion of <a href="https://www.ign.com/articles/gta-6-development-began-in-earnest-in-2020-following-the-massive-success-of-red-dead-redemption-2-take-two-says" target="_blank">GTA 6's development timeline,</a> and <a href="https://www.ign.com/articles/take-two-ceo-says-delays-pain-me-how-could-they-not-but-insists-gta-6s-new-2026-release-date-was-about-making-sure-rockstar-achieves-its-creative-vision-with-no-limitations" target="_blank">Zelnick's thoughts</a> on the game's recent <a href="https://www.ign.com/articles/gta-6-delayed-to-may-2026" target="_blank">delay to next year</a>. And we also wrote about Zelnick's Q&A comments on the Nintendo Switch 2, and why he's <a href="https://www.ign.com/articles/take-two-ceo-has-great-optimism-for-nintendo-switch-2" target="_blank">optimistic for its release</a>.</p><p></p><p></p><p><em>Rebekah Valentine is a senior reporter for IGN. You can find her posting on BlueSky @duckvalentine.bsky.social. Got a story tip? Send it to <a href="mailto:rvalentine@ign.com">rvalentine@ign.com</a>.</em></p><p></p><p><a href="https://www.ign.com/articles/take-two-feels-reasonably-confident-it-wont-be-affected-by-tariff-changes" target="_blank">Continue reading...</a></p></blockquote><p></p>
[QUOTE="Admin, post: 67205, member: 1"] [IMG]https://assets1.ignimgs.com/2014/12/03/gta-vjpg-c4a3a2.jpg[/IMG] We've been writing a lot lately about the ways in which the ongoing tariff chaos in the United States might [URL='https://www.ign.com/articles/new-us-tariffs-will-impact-consoles-gpus-and-physical-games-say-analysts']impact the games industry[/URL], from [URL='https://www.ign.com/articles/nintendo-issues-conservative-switch-2-sales-forecast-amid-uncertainty-around-tariffs']consoles[/URL] to [URL='https://www.ign.com/articles/nintendo-switch-2-pre-orders-to-begin-on-april-24-in-us-price-remains-449']accessories[/URL] to software. And while [URL='https://www.ign.com/articles/esa-responds-to-trump-tariffs-if-we-think-its-just-the-switch-2-then-we-arent-taking-it-seriously']some folks[/URL] seem to be fairly concerned over [URL='https://www.ign.com/articles/nintendo-president-concerned-about-potential-impact-of-us-tariffs-on-switch-2-demand-if-prices-of-daily-necessities-like-food-increase-then-people-will-have-less-money-to-spend-on-consoles']how this might impact both consumers and business[/URL], Take-Two CEO Strauss Zelnick seemed relatively unphased by the idea of tariffs on today's Q&A call with investors. Toward the end of the call, Zelnick was asked whether he was concerned specifically about potential console price increases and their impact on the overall gaming ecosystem. This was referring to the recent price bump on [URL='https://www.ign.com/articles/microsoft-raises-the-price-of-all-xbox-series-consoles-xbox-games-confirmed-to-hit-80-this-holiday']Xbox Series consoles[/URL], and the [URL='https://www.ign.com/articles/sony-considering-price-rises-amid-685-million-impact-on-its-business-from-tariffs-could-the-cost-of-ps5-go-up']expected PlayStation 5[/URL] increase [URL='https://www.ign.com/articles/microsoft-raised-xbox-console-and-game-prices-analysts-say-playstation-and-everyone-else-could-be-next']that may follow[/URL]. Zelnick believes that confusing as the tariff back-and-forth is, Take-Two's fiscal guidance is fairly set in stone, at least for the coming year: Zelnick has reason to be confident. As he points out, most of the games Take-Two will release in the coming fiscal year are coming to platforms people largely already own. A few people buying or not buying an Xbox Series or a PS5 or even a Nintendo Switch 2 isn't going to make a massive difference. What's more, much of Take-Two's revenue comes from digital purchases in ongoing games like GTA V, Red Dead Redemption 2, and its mobile business, which aren't subject to tariffs at all. Still, as Zelnick notes, everything is still up in the air. We've spoken to analysts numerous times over the last few months on the subject of tariffs, and all of them have reiterated that the situation is ever-changing and unpredictable, which even the CEO of Take-Two is leaving room for. We spoke directly to Zelnick ahead of the investor call about the company's quarter, including discussion of [URL='https://www.ign.com/articles/gta-6-development-began-in-earnest-in-2020-following-the-massive-success-of-red-dead-redemption-2-take-two-says']GTA 6's development timeline,[/URL] and [URL='https://www.ign.com/articles/take-two-ceo-says-delays-pain-me-how-could-they-not-but-insists-gta-6s-new-2026-release-date-was-about-making-sure-rockstar-achieves-its-creative-vision-with-no-limitations']Zelnick's thoughts[/URL] on the game's recent [URL='https://www.ign.com/articles/gta-6-delayed-to-may-2026']delay to next year[/URL]. And we also wrote about Zelnick's Q&A comments on the Nintendo Switch 2, and why he's [URL='https://www.ign.com/articles/take-two-ceo-has-great-optimism-for-nintendo-switch-2']optimistic for its release[/URL]. [I]Rebekah Valentine is a senior reporter for IGN. You can find her posting on BlueSky @duckvalentine.bsky.social. Got a story tip? Send it to [email]rvalentine@ign.com[/email].[/I] [url="https://www.ign.com/articles/take-two-feels-reasonably-confident-it-wont-be-affected-by-tariff-changes"]Continue reading...[/url] [/QUOTE]
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