Several models of the Nintendo Switch are on display at a GameStop in Manhattan, New York, USA
16:27 JST, May 7, 2024
TOKYO (Reuters) – Japan’s Nintendo 7974.T said on Tuesday it plans to make an announcement about the successor to its aging Switch console during the financial year ending March 2025.
Nintendo has extended the life cycle of the Switch device with hit titles like “The Legend of Zelda: Tears of the Kingdom,” with the market focused on the timing and prospects for next-generation hardware.
The Kyoto-based gaming company said Tuesday it expects to sell 13.5 million Switch units in the current fiscal year as the company squeezes out sales of the aging device.
Nintendo sold 15.7 million units last year of the hybrid home portable device, which launched in 2017. Nintendo raised its full-year forecast to 15.5 million units in February.
Nintendo has made incremental changes to its Switch devices, with sales of the OLED model growing year on year, while broader hardware sales continued their annual decline.
The company is believed to have a thin pipeline this year, with announced titles including “Paper Mario: The Thousand-Year Door” later this month and “Luigi’s Mansion 2” in June.
Nintendo shares closed ahead of gains by 2.4% and are up 5.4% this year.
