Nintendo says announcement on Switch successor ‘this fiscal year’ [Video]

Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year.

Despite logging a record net profit in the year to March, helped by the weak yen, the game giant expects net profit to drop nearly 40 percent in the current financial year.

Players and investors have been hungry for news about a successor to the Switch, and the Japanese company said a statement was finally forthcoming.

“We will make an announcement about the successor to Nintendo Switch within this fiscal year,” said a post on social media platform X that was attributed to company president Shuntaro Furukawa.

Nintendo said net profit in 2023-24 totalled 490 billion …