Nintendo warns of significant slowdown in Switch sales and no new hardware for 2021.

Nintendo reports a decline in Switch console sales and warns that no new hardware will be released before April 2024. The company sold 17.97 million consoles during the fiscal year, missing its sales target of 21 million. Nintendo forecasts a further 16.5% decline in console sales during the current fiscal year. Despite the decline in hardware sales, Switch software sales remain strong, with new entry Pokémon Scarlet and Violet shipping 22.1 million copies. Nintendo's net sales were down 5.5% at 1,695 billion yen ($12.56 billion), and net profit was down 9.4% at 432.7 billion yen ($3.2 billion).