Nintendo shared its earnings report for the end of 2024, showing that console sales were down further than expected in the months before the Switch 2 reveal.

Year-to-year Switch sales are down over 30%, with software sales also down 24%. Nintendo says this is due to the strong performance of two standout games in their prior fiscal year: The Legend of Zelda: Tears of the Kingdom and Super Mario Wonder.

Sales of Nintendo Switch have now passed the 150 million mark, according to Nintendo's latest financial results. The firm released its quarterly results today revealing that it has now sold 150.86 million Switches worldwide since the system launched in March 2017.

Nintendo has reported a huge drop in sales of its hardware and software, with Switch 1 console sales down 30.6 percent

In its latest earnings report for the three months ended December 31, Nintendo said it lowered its hardware sales forecast to 11m, which is the second reduction in a row after it lowered its 13.5m forecast to 12.5m in November. The company also lowered its operating profit outlook by a further 22% to ¥280 billion ($1.8bn).

Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters.

Nintendo is caught between its eight-year-old Switch console and the next-gen Switch 2 — a purgatory that usually hits sales.

Japan's Nintendo cut its full-year sales Switch forecast by 12% to 11 million units as the aging console loses momentum ahead of the launch of a successor device this year. Nintendo remains dependent on its console business even as it has opened stores and its roster of characters feature in theme parks and film.

Nintendo president Shuntaro Furukawa spoke to the press for the first time since the Nintendo Switch 2 was announced and he has gone on the record to say that the company has made preparations for the launch of the Nintendo Switch 2 that should hopefully combat scalpers.

Nintendo has revised its hardware forecast down yet again as sales of the Switch and its games came in “below expectations.” For the first nine months of the current financial year, sales from Nintendo’s dedicated game console business decreased by 31.