Nintendo Expects Slowdown In Switch Console Sales, “New Or Upgraded Hardware” Not Factored In

During Nintendo’s most recent financial results briefing, President Shuntaro Furukawa shared some comments setting expectations about the Switch’s performance in the coming fiscal year.

According to Bloomberg, Furukawa stated that “sustaining the Switch’s sales momentum” will be “difficult” in its 7th year on the market, describing their goal of selling 15 million Switch units this fiscal year as “a bit of a stretch”.

“Sustaining the Switch’s sales momentum will be difficult in its seventh year, our goal of selling 15 million unit this fiscal year is a bit of stretch. But we will do our best to bolster demand going into the holiday season so that we can achieve the goal.”

One more notable comment was in regards for a potential Switch successor, which has been increasingly rumored about in recent months. According to Bloomberg, Furukawa stated that ” no new or upgraded hardware is factored into Nintendo’s annual forecast.”. The publication interprets this to mean that there are “no imminent plans” for a new Switch model or Switch successor, running against the tide of rumors that such a product is just over the horizon.

UBS Securities Analyst Kenji Fukuyama shared similar sentiments, expecting that Nintendo will not release a Switch successor for at least another year.

“We expect Nintendo will not release the next-generation hardware over the next 12 months, Nintendo’s valuation is very likely to shrink until the launch of the new hardware.”

Stay tuned for more updates as they come.

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