People are eagerly anticipating the next-gen Switch, potentially delaying purchases of current Nintendo consoles and games as indicated by the company’s latest earnings report. Nintendo’s net profit for the quarter ending on June 30 was 80.9 billion Japanese Yen, exceeding forecasts but over 50 percent lower than the previous year. With only 2.1 million Switch consoles sold for the quarter, representing a 46.3 percent decrease in unit sales year-on-year, even game sales suffered with a 41.3 percent drop. Nintendo attributes this decline to the lack of major releases like the previous year’s “The Legend of Zelda: Tears of the Kingdom.” The company anticipates stable Switch sales until the anticipated launch of the “Switch 2” console in early 2025, rumored to have backwards compatibility and 4K capabilities. This article contains affiliate links wherein a commission may be earned with a purchase.
