Nintendo (NTDOF) has confirmed that it will continue to support the Switch following the release of the Switch 2. During a recent earnings presentation, the video game company stated, “Going forward, we will continue to bring out new titles for the over 100 million people worldwide who are playing Nintendo Switch.”
Nintendo’s promise to continue making games for the Switch echoes previous statements. That includes suggestions that gamers who can’t afford the Switch 2 or its more expensive games can continue to enjoy titles coming to the Switch. It also tracks with the industry standard of offering support for consoles for several years after the release of their successor.
Nintendo already has some big games set to release on the original Switch this year, including Metroid Prime 4 and Pokémon Legends: Z-A. Both of these games will also be released on the Switch 2 and will benefit from the new console’s more powerful components.
Nintendo Switch Sales Estimates
With the Nintendo Switch 2 being released on June 5, 2024, Nintendo expects sales of the original Switch to decline. The company forecasts 4.5 million units will be sold in Fiscal 2026, down 58.3% year-over-year.
Interestingly, continued support for the Switch could help Nintendo reach a historic milestone. The Nintendo Switch is the third-best selling video game console in history, at roughly 152 million units, behind Sony’s PlayStation 2 at over 160 million units and the Nintendo DS at 154.02 million units. Based on Nintendo’s projections, Switch sales will likely surpass the DS. Whether it can overtake the PS2 or not depends on how much the Switch 2 cannibalizes its sales.
Is NTDOF Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Moderate Buy, based on six Buy, one Hold, and one Sell ratings over the last three months. With that comes an average NTDOF stock price of $84.78, representing a potential 4.55% upside for the shares.
