Nintendo Switch 2 to be released ‘within the year’ as sales projected to suffer

Nintendo says it will announce the successor to its seven-year-old Switch home console sometime in the next year.
The news will come out sometime before March 2025, the Kyoto-based company said Tuesday.
It’s unclear if the product will actually be released in that time, but the company could use a lifeline as it expects sales to stagger in the coming months.
The company made $3 billion in the fiscal year ending March 2024, with profits up by 13 percent largely aided by sales of Switch software.
For the coming year, net profit is expected to fall to $1.9 billion, according to inside projections.
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In a statement, company president Shuntaro Furukawa said: “We will make an announcement about the successor to Nintendo Switch within this fiscal year. It will have been over nine years since we announced the existence of Nintendo Switch back in March 2015.”
The company has had a good year.
Nintendo has sold more than 141 million Switches, 15.7 million of them during the fiscal year that just ended.
Besides “The Legend of Zelda,” whose global sales for the fiscal year totaled 20.6 million units, “Super Mario Bros. Wonder” sold 13.4 million units, and “Pikmin 4” sold nearly 3.5 million, according to Nintendo.
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The release a year ago of “The Super Mario Bros. Movie” also helped sales.
The yen’s weakness against the dollar, which lifts the value in yen of overseas earnings of Japanese exporters like Nintendo, also helped. 
The US dollar has averaged about 151 Japanese yen over the past fiscal year, up from 133 yen in the previous fiscal year. 
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