PS5

Sony
2026-09-03 16:28:27

Sony Seeks Dismissal of PS5 Buyers’ $508 Million Tariff Refund Lawsuit

Sony has asked a federal judge to throw out a class action that seeks to give PlayStation 5 buyers a share of the $508 million the company expects to recover in tariff refunds. In a motion filed Monday and first reported by Game File, Sony argued that consumers who voluntarily bought a PS5 at market price did not suffer a legally recognizable injury. The company also challenged the claim that tariffs caused its August 2025 price increase, calling that theory speculative and illogical and pointing instead to inflation, currency swings, component costs, logistics, competition, and demand. Sony further argued that its March price increase, which came five weeks after the tariffs fell, undercuts the idea that tariffs drove the earlier hike. Similar cases are also unfolding against Microsoft and Nintendo, while Panic, maker of the Playdate handheld, is described as the only gaming hardware company to have refunded the 19% tariff it charged customers. No judge has yet ruled on any of the pending motions.

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Sony Seeks Dismissal of PS5 Buyers’ $508 Million Tariff Refund Lawsuit
AMD
2026-08-04 23:57:28

AMD Q2 Data Center Revenue Doubles, AI Chip Push Intensifies Rivalry With Nvidia; Stock Falls in After-Hours Trading

AMD reported Q2 2026 results on August 5, with data center revenue hitting $6.72 billion, up 107% year over year. Total revenue reached $11.54 billion, up 50% and beating estimates. AMD guided Q3 revenue to about $13 billion, above consensus. CEO Lisa Su said second-gen Helios AI servers have entered full production, with shipments to Meta and OpenAI expected by quarter-end. Despite the strong report, shares fell over 9% after hours.

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AMD Q2 Data Center Revenue Doubles, AI Chip Push Intensifies Rivalry With Nvidia; Stock Falls in After-Hours Trading