However, potential tariffs imposed by the U.S. government could increase costs for the new console, complicating its launch.

Dr. Serkan Toto, CEO of Kantan Games, has stressed the urgent need for the Switch 2, questioning Nintendo's current game release strategy, which has been limited to a remaster of Xenoblade.

The upcoming Switch 2 is expected to feature enhancements such as a larger screen and an updated stand, while retaining the popular detachable 'joy-con' controllers.

In addition to hardware developments, Nintendo is set to open Super Nintendo World at Epic Universe in Orlando, Florida, in May 2025, which is anticipated to draw more visitors to its brand.

To counteract declining sales, Nintendo has expanded its outreach strategy, launching merchandise stores and attractions themed around its characters, while still aiming to boost console and game sales.

Analysts warn that Nintendo may face challenges in managing the expected demand for the Switch 2 alongside upcoming major game releases.

Despite the sales decline, Nintendo President Furukawa noted that the impact of potential buyers waiting for the Switch 2 is minimal, suggesting that the original Switch continues to perform well in its eighth year.

Revenue from new game releases has also seen a decline, dropping by 24.4% compared to the previous year, with only a few new titles planned for early 2025, including 'Donkey Kong Country Returns' and 'Xenoblade Chronicles X.'

Nintendo's sales report for the nine months ending December 31, 2024, revealed a significant decline, with 9.54 million Switch consoles sold, marking a 30.6% drop year-on-year as the company gears up for the anticipated Switch 2.

Despite the downturn in hardware sales, the new game Super Mario Jamboree has been a bright spot, achieving over 5.6 million copies sold globally within its first eleven weeks, surpassing previous titles like Super Mario Party.

In response to these trends, Nintendo has revised its forecasts for the fiscal year 2025, projecting hardware sales of 11 million units and software sales reaching 150 million.

As the gaming industry awaits the Switch 2, which has been officially announced but lacks a specific release date, there is a palpable sense of anticipation among fans eager for details on pricing and features.