Next-gen Switch isn't happening, sources at Nintendo say

Ruben Fields
April 26, 2019

Sales of the Switch also disappointed.

Japan's Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-priced version of the device. Nintendo's gotten away from big E3 or E3-adjacent hardware announcements in recent years.

By quarter, Nintendo posted a profit of 25 billion yen ($223 million) for the January-March period, more than five times what it earned the previous year, on 203 billion yen ($1.8) quarterly sales, up 2%.

Sales of the Nintendo Switch are no longer meeting Nintendo's predictions, suggesting that the success of the console will be short-lived.

Nintendo hasn't released its official numbers for the 2018 fiscal year, but analysts estimate that Nintendo shipped 17.5 million Switch units through March 2018.

For months we've heard rumors about a smaller, cheaper Nintendo Switch that could come out sometime in 2019.

Microsoft becomes a trillion dollar company after impressive earnings
Microsoft announced today that it earned a net income of $8.8 billion on revenues of $30.6 billion in the quarter ending March 31. Microsoft shares have gained 23 percent this year, topping the 17 percent increase in the S&P 500 Index.

Nintendo might release a cheaper Switch model in June 2019, according to a report from Bloomberg. Switch still trails Nintendo 64 when it comes to software units sold, though.

A next-gen Switch isn't in development, new sources close to the matter told Bloomberg.

The industry is facing a shake-up with established console gaming companies like Nintendo and Sony Corp exposed to competition from new entrants like Alphabet Inc's Google offering browser-based games streaming services.

All that said, Furukawa's comments aren't a surprise.

Glancing at Nintendo's digital business, the company said sales from download versions of retail software and download-only titles on Switch "showed particularly good growth", and that overall digital sales revenue rose by 95.4 percent year-on-year to 118.8 billion yen ($1.1 billion).

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