The US was the only major region where Xbox hardware had any life left but now it could start to outright die even there which is a hell of a shift compared to 15 years ago. Considering things like GPUs and CPUs are mainly manufactured outside of China this could potentially help PC gaming over the next few years, particularly in the US cause the price gap suddenly might not be as large and if consoles get too expensive it'll get to a point that some people may as well just spend some extra and get a decent PC. It could also help the Switch 2 since its price will suddenly look better though a lot rides on what happens when the pause for the huge tariffs on places like Vietnam runs out in July.
Also the whole point of the Series S is to be budget friendly so that model in particular is screwed now. With how weak it is now it's not exactly a great buy any more considering its a locked down machine.







