Nintendo to launch upgraded Switch console in 2021, reports say
Gaming giant will unveil a new console with upgraded processing power and 4K graphics
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Nintendo is going to unveil an updated version of its Switch gaming console next year, according to multiple reports.
According to Taiwan's Economic Daily News and Bloomberg, the Kyoto, Japan-based gaming giant will unveil a new console with upgraded processing power and 4K graphics. It will also unveil a new series of games that will accompany the launch of the console.
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The console will be launched after the holiday shopping season, when Microsoft and Sony are slated to release their upcoming consoles, the Xbox Series X and PlayStation 5, respectively.
11-year-old Ansel, the photographer’s son, plays Fortnite featuring Travis Scott Presents: Astronomical on April 23, 2020, in South Pasadena, Calif., on a Nintendo Switch. (Neilson Barnard/Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NTDOY | NINTENDO CO. LTD. | 12.13 | +0.15 | +1.25% |
| MSFT | MICROSOFT CORP. | 400.96 | +1.84 | +0.46% |
| SNE | n.a. | n.a. | n.a. | n.a. |
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The news comes just days after Nintendo reported a 428% surge in profit during its most recent quarter, aided in part by the strength of the "Animal Crossing: New Horizons" video game and the continued strength of the Switch.
In the period ending June 30, Nintendo's profits rose to 144.7 billion yen ($1.37 billion), more than twice the 71 billion yen that was expected.
FOX Business has reached out to Nintendo with a request for comment.
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The company sold more than 3 million Switch units and 2.6 million units of its Switch Lite console, as well as 10.6 million copies of "Animal Crossing: New Horizons."
Shares of Nintendo were rising sharply Wednesday morning, gaining 2.5% to trade at $68.07.