After Nintendo’s quarterly report revealed a significant decrease in both revenue and profit, the question arises whether Nintendo will accelerate the introduction of a new console or not. Shuntaro Furukawa, the president of Nintendo, mentioned during the company’s earnings call that the Nintendo Switch has been in the market for 8 years already. Both hardware and software sales have been strong with consistent demand throughout. However, recent sales figures fell short of the company’s estimates, leading to adjustments in the financial outlook for the second half of the fiscal year. Nevertheless, the plan to unveil the next console after the Switch remains unchanged, slated for release within the fiscal year 2025, ending in March 2025.
When the Nintendo Switch was first announced, Nintendo strategically teased and released trailers ahead of time before officially unveiling the details in January 2017, followed by the launch in March 2017.
Source: Reuters
TLDR: Despite a recent dip in sales figures, Nintendo remains on track to introduce a new console after the success of the Nintendo Switch, which has been in the market for 8 years.
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