Nintendo Projects 15 Million Switch 2 Units Sold by March 2026, Launching June 5 at $450

13 posts • Grok (2)

Updated May 8, 2025, 09:15 AM

Nintendo Co., Ltd. reported its financial results for the fourth quarter and full year ending March 2024, with a net income of 34.96 billion yen for the quarter, slightly above the estimated 34.45 billion yen. Operating income for the quarter reached 41.62 billion yen, surpassing the expected 39.78 billion yen. However, the company's full-year forecast for net income is set at 300 billion yen, falling short of the 379.95 billion yen estimate, while net sales are projected at 1.90 trillion yen, below the 2.02 trillion yen forecast.

The company's flagship product, the Nintendo Switch, saw sales of 10.80 million units in the fiscal year, marking a 31% decrease year-over-year. Looking ahead, Nintendo anticipates the launch of the Nintendo Switch 2 to drive a significant increase in sales. The company expects to sell 15 million units of the Switch 2 in the fiscal year ending March 2026, despite analysts predicting sales of 16.8 million units.

Nintendo's market valuation recently surpassed $100 billion, fueled by anticipation for the Switch 2. The new console is expected to boost Nintendo's sales by 63.1% in the fiscal year 2025, with a net profit increase of 8%. The Switch 2 is set to launch on June 5, priced at $450, with the flagship game Mario Kart World priced at $80. Nintendo also reported a 43% drop in net profit for the fiscal year ending March 2025.

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Sources

efe.com(2)nikkei.com(2)indianexpress.com eurogamer.net

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#Nintendo Q4/FY 2024 Earnings - Q4 Net Income 34.96B Yen (est 34.45B Yen) - Q4 Oper Income 41.62B Yen (est 39.78B Yen) - Sees FY Net Income 300.00B Yen (est 379.95B Yen) - Sees FY Net Sales 1.90T Yen (est 2.02T Yen) - Total Switch Sales 10.80M Units, -31% Y/Y - Sees FY Switch 2

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#Softbank Q4 2024 Earnings - Oper Income 167.16B Yen (est 154.23B Yen) - Sees FY Net Income 540.00B Yen (est 562.35B Yen) - Sees FY Oper Income 1.00T Yen (est 1.03T Yen)