Nintendo has some big news for Switch players, alongside the release of its annual financial results. The company has officially announced that its next console will be revealed before April 2025. Nintendo's President Shuntaro Furukawa confirmed that their new system, the successor to the Nintendo Switch, will be introduced "within this fiscal year," which means they have until March 31, 2025, to unveil it. This timeframe aligns with reports suggesting that the new console might launch in the first quarter of 2025.
Regarding the announcement of the Switch 2, Furukawa said:
"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. We will be holding a Nintendo Direct this June regarding the Nintendo Switch software lineup for the latter half of 2024, but please be aware that there will be no mention of the Nintendo Switch successor during that presentation."
In the meantime, Nintendo's forecasts hint at a slowing down of Switch sales. They expect to sell 13.5 million units this year, down from 15.7 million units in the previous fiscal year. The company's net profit is also expected to drop by 39 percent, with a 19 percent dip in revenue. Switch sales have declined significantly since peaking in 2021, although the OLED model, the latest iteration of the now nearly decade-old console, saw a modest 1.1 percent increase in sales from the previous year. However, the platform's user base remains strong, with 123 million players between April 2023 and March 2024—the highest number since the Nintendo Switch launched.
Despite these forecasts, Nintendo hasn't given up on the current Switch generation. They plan to "try to not only put one system in every home, but several in every home, or even one for every person."
