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A New Report Says Nintendo Wants To Release Its Next Console In 2024

Sources also claim Nintendo plans to avoid shortages and keep the portable format. 

A new report states that key partner studios have started receiving development kits for Nintendo’s next console. What is more, the console is said to launch in 2024. 

VGC wrote in an article that according to multiple people close to Nintendo, the company is targeting the second half of 2024 to release its game console. The company also plans to avoid shortages and to make they have enough stock available on day one.

Little is known about the technical side of the project, but it is said that the console should be portable like the Nintendo Switch. 

The story by VGC also suggests the company plans to go with an LCD screen as they want to decrease costs and have increased storage for higher fidelity games. As for the formats of games, sources state the next console will still accept physical games via a cartridge slot.

Tokyo-based industry consultant Dr Serkan Toto discussed the 2024 window saying it would make sense as Nintendo projected to see double-digit declines in Switch hardware and software sales this year.

"I would generally say that looking at Nintendo’s financials, it seems clear that it’s time for a new piece of hardware in 2024," the analyst said. "Hardware is already projected to fall 16.5% year-on-year in the current fiscal, while the minus for software is expected to hit 15.9%. The only way to stop these losses from totally ballooning next fiscal is a new device, and the second half of 2024 sounds like a realistic release window to me."

You can find the original story here. What are your thoughts on Nintendo's next console? 

Previously, Nintendo Head Furukawa said Nintendo wants to do "as much as possible in order to make a smooth transition" to the next console. Learn more here. 

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