Video game software and hardware company Nintendo (NTDOY) could have another major success in development with the Switch 2. This new handheld/home console hybrid, which hasn’t been officially revealed yet, will debut early next year. Nintendo president Shuntaro Furukawa confirmed as much with the company planning to talk about the Switch successor before the end of its Fiscal Year in March 2025.
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While the console isn’t out, experts are already predicting how many units it will sell. That includes video game research and advisory firm DFC Intelligence. It claims the Nintendo Switch 2 will sell between 15 million and 17 million units in its first year. For perspective, the original Switch sold 13.12 million during its first year.
Expanding those predictions further, DFC Intelligence believes the Nintendo Switch 2 will sell more than 80 million units by 2028. For comparison, the original Switch sold 47.82 million units during its first three years.
What the Future Holds for the Nintendo Switch 2
If DFC Intelligence’s estimates are accurate, the Nintendo Switch 2 will likely break major records in its lifetime. For example, the Nintendo Switch has sold 146.04 million units since launching on March 3, 2017, making it the second best-selling console ever.
Ahead of the Nintendo Switch is Sony’s (SONY) PlayStation 2, which sold more than 160 million units from its March 4, 2000 launch to its Jan. 4, 2013 discontinuation. Considering how close the Switch has come to surpassing the PS2, and taking into account DFC Intelligence’s estimates, the Switch 2 is likely to become the best-selling console in the world.
If the Switch 2 sells as well as expected, it will be a major win for Nintendo shareholders. Backing that up is the roughly 250% increase in NTDOY’s share price since the release of the Switch. All of the Switch 2 speculation also has shares up 3.65% today.
Is NTDOY Stock a Buy, Sell, or Hold?
Turning to Wall Street, only a single analyst has covered Nintendo in the last three months. Four-star Jefferies analyst Atul Goyal reiterated a Buy rating with a $17.20 price target. This represents a potential 11.15% upside for NTDOY shares.
