Toyo Securities analyst Hideki Yasuda has put out a bullish report on Nintendo’s prospects after the launch of Nintendo Switch 2.

While Nintendo expects to sell 15 million Nintendo Switch 2 consoles in the current fiscal year ending March 31, 2026, Yasuda thinks that the target is too conservative, and he believes that the console will sell 20 million units instead. In the fiscal year ending March 2028, Yasuda projects that the Switch 2 will sell 30 million units that year.

He also expects sales to reach 2 trillion yen (USD13.7 billion) in the first fiscal year, and 3 trillion yen (USD20.6 billion) three fiscal years later.

Yasuda’s bullish projection is based on the high demand for Nintendo Switch 2. He pointed to the My Nintendo Store Japan pre-order lottery, which saw a record-breaking 2.2 million entries in its first round, many times higher than the actual number of past consoles shipped at launch by Nintendo and PlayStation in Japan.

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