Nintendo will make a formal announcement about its next gaming console, the follow-up to the 8-year-old Nintendo Switch, by the end of March 2025.
The company revealed this plan in a post on X Tuesday, just as it unveiled its latest earnings results and a weak outlook for its new fiscal year 2025.
Per the statement from the Nintendo account, which was attributed 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. 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.”
Nintendo’s fiscal year runs from April-March, meaning the Japan-based company is promising to announce the Switch successor by the end of March 2025. Nintendo says it will not be providing any information about the new console at its Nintendo Direct event in June, instead choosing to focus that presentation on Switch games coming throughout the rest of 2024.
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In its earnings results Tuesday, which covered the company’s results through the end of its fiscal year 2024 in March, Nintendo said it sold 15.7 million Switch consoles between April 2023 and March 2024. Per the company, its sales reached 1.7 trillion yen for the year, up 4.4% year over year, and net profit totaled 490.6 billion yen, rising 13.4%. Both results bested analysts’ estimates, per consensus data from LSEG.
For the current fiscal year, Nintendo is forecasting selling 13.5 million Switch consoles, down considerably from its fiscal 2024 total. Nintendo estimates net sales of 1.35 trillion yen and net profit of 300 billion yen.
