Nintendo Switch successor announcement is officially happening this fiscal year

It’s finally happening. After years of leaks, rumors, and speculation, Nintendo has broken its silence on its upcoming Switch successor or Switch 2 console. The company has announced it will reveal its future of gaming within this fiscal year.

Nintendo president Shunto Furukawa revealed his company’s plans via a Twitter/X post, along with a financial report on its performance. “We will make an announcement about the successor to Nintendo Switch within this fiscal year,” he wrote.

The announcement is nine years in the making following the Nintendo Switch announcement back in March 2015–something Furukawa also highlighted in the post. Additionally, Furukawa announced another Nintendo Direct planned for June but it will focus on the current console’s “software lineup for the latter half of the year.” Not its successor.

As for the financial report, the company revealed its fiscal year’s net sales rose 4.4% to ¥1.7 trillion ($11 billion) and gross profit rose to 7.8% to ¥954.3 billion ($6.2 billion), ending March 31, 2024.

Earlier reports from sources outside of Nintendo pointed to a possible Q4 2024 launch for the Switch 2. However, these were contested by other reports claiming that its release was pushed to 2025. Nintendo’s announcement seems to coincide with the latter.

The Nintendo Switch 2–or whatever official name the company assigns to it–is rumored to provide 4K resolution, ray-tracing, backward compatibility, a 1080p resolution screen for handheld mode, magnetic Joy-Con controllers, and many more capabilities. However, these details remain inconclusive until the big reveal.