Nintendo

Succeeding the Switch: the Switch 2 (2025)

Key decision·2025· Nintendo — the full company history →

How to succeed a giant success

The crux of this decision was the question of when, and in what form, to release the successor to a record-selling machine. Nintendo had before seen unit sales fall with the successors to the DS and Wii — the ‘second-generation jinx,’ in which the larger the prior generation, the more the next one struggles. Faced with the hard problem of following a first Switch of some 150 million units, the company chose not a change of course but continuity: it kept the hybrid form that doubles as home console and handheld, prepared backward compatibility so that first-generation software still plays, and bet on a design that carries its accumulated assets and users straight into the next generation.

That said, it was not the continuity design alone that carried the launch. The figures — 3.5 million units worldwide in four days, 6 million in seven weeks, and 15 million by December 2025, the fastest ever — were possible only because of the user base built over eight years with the first Switch and the strength of connecting to it seamlessly through backward compatibility. In the United States tariffs threatened the price, and preorders were postponed before launch, but Nintendo rode it out without moving the console’s price or release date. A giant prior success can be a burden or a foothold for the generation that follows; whether the first Switch’s assets become that foothold will be decided by the sales cycle still to come.

Revenue and net margin, FY2020–FY2026

Revenue in ¥ bn (bars) and net margin in % (line), for the years around the decision. Shaded columns are FY2025 onwards — after it was taken.

Source: securities reports

Read the full dossier in Japanese →

The Japanese edition carries the complete record of this decision — the situation that forced it, the options weighed, what actually followed, and the sources behind every claim.

Other key decisions at Nintendo


Yen amounts are converted at the average rate of each figure’s own year — not today’s rate; the revenue chart is shown in yen. Exchange rates & sources — the full ¥/US$ table →


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Data API

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Method Endpoint Returns
GET /api/companies.json All companies
GET /api/7974/manifest.json Resource index
GET /api/7974/history.json History overview
GET /api/7974/timeline.json Chronology
GET /api/decisions.json All management decisions (index)
GET /api/7974/decisions.json Management decisions (index)
GET /api/7974/decisions/{slug}.json One decision (full dossier)
GET /api/7974/executives.json Executives
GET /api/7974/shareholders.json Major shareholders
GET /api/7974/financials.json Financial statements
GET /api/7974/financials-longterm.json Long-term results
GET /api/7974/segments.json Business segments
GET /api/7974/regions.json Sales by region
GET /api/7974/workforce.json Workforce