Update thanks to thethatfox:
Physical game cards may also not actually contain the game:
Nintendo Switch 2 Game-Key Card Overview
Game-key cards are different from regular game cards, because they don’t contain the full game data. Instead, the game-key card is your “key” to downloading the full game to your system via the internet.
Update 2: There is probably a difference in Game-key cards and card that contain real game data. So we don’t know right now how often these game-key cards are used or if nintendo is using them.
but the shouty man on TV told me tariffs were good!
All of these numbers are pre-tariff, too.
If you hear any faint screaming in the background, it’s probably my bank account.
I think it’s more the weak yen than tariffs, though it’s pretty unfortunate that Nintendo apparently moved their production to Vietnam right before the country was hit with a 46% tax…