People are so excited for the next-gen Switch, they’re likely to stop buying Nintendo’s current consoles and games. At least that’s what the company does final income statement seems to indicate. Nintendo for the quarter ending June 30 placed Net profit of 80.9 billion Japanese yen was higher than its forecast but more than 50 percent lower than net profit in the same period last fiscal year. Additionally, the company said it only sold 2.1 million Switch consoles during the quarter. That means it experienced a 46.3 percent drop in annual unit sales. Even its games didn’t sell well, as Nintendo released its software sales figure, down 41.3 percent from last fiscal year at 30.64 million units.
In its report, Nintendo admits that the low sales figures for games are due to the lack of big releases like the previous year. The Legend of Zelda: Tears of the Kingdom. The Super Mario Bros movie but also helped to “energize” his business at the time. But with hardware sales for this quarter similar to last year, Nintendo sees Switch sales as stable.
Nintendo is expected to introduce the “Switch 2” console soon. It was expected to come out sometime this year, but according to reports in previous months, it will Released in early 2025 instead of. Little is known about the upcoming console yet, but rumors suggest it will have 4K capabilities as well as backwards compatibility.
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