Formal Announcement
The announcement was teased in a post on X Tuesday, coinciding with the release of Nintendo’s latest earnings report and a less optimistic outlook for fiscal year 2025. According to Nintendo president Shuntaro Furukawa, “We will make an announcement about the successor to Nintendo Switch within this fiscal year. It will have been over nine years since we announced the existence of Nintendo Switch back in March 2015.”
Focus on Software
While there will be a Nintendo Direct in June highlighting the software lineup for the latter half of 2024, there will be no mention of the new console. The company plans to focus on showcasing upcoming games for the Nintendo Switch during this event.
Strong Sales Performance
Nintendo reported selling 15.7 million Switch consoles between April 2023 and March 2024, contributing to a total sales revenue of 1.7 trillion yen for the year. This marked a 4.4% increase compared to the previous year. Net profit also saw a significant rise, reaching 490.6 billion yen, up by 13.4%.
Outlook for Fiscal Year 2025
Despite the strong performance in fiscal 2024, Nintendo is forecasting a decline in Switch console sales to 13.5 million units for the current fiscal year. The company expects net sales to reach 1.35 trillion yen and net profit to total 300 billion yen.
FAQs
When will Nintendo announce the successor to the Nintendo Switch?
Nintendo plans to announce the successor to the Nintendo Switch by the end of March 2025.Will the new Nintendo Switch successor be mentioned at the June Nintendo Direct event?
No, the June Nintendo Direct will focus on the Nintendo Switch software lineup for the latter half of 2024, with no mention of the new console.
Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
