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IMO there isn't going to be a "Switch 2" in a traditional sense. There will be new Switch systems with better hardware as time goes on, but the Switch brand will remain for 7-10 years and it will just be a family of hardware with broad software compatibility. It's not going to be like 5-6 years of Switch, then stop, then "Switch 2" starting at 0 again.

Switch will break that rule, just as it's broken several other hardware rules already. So in that context, 100 million is achievable. Also having a more tablet-like upgrade cycle IMO will mean that years 4-5-6-7 of the Switch cycle will not see the same decline you see in other game platforms, because the hardware will not become outdated as easily. You'll have a Switch that can run PS4/XB1 tier games in 3 years or so IMO (10nm Tegra Xavier chip).