Does Nintendo need to launch the Switch 2 in 2024?

[Shtinamin_]

Cobretti2 said:

Agree with all this, and also throw in the economy into the mix.

Not sure about the US or EU, but here in Australia, interest rates on home loans have doubled in the last two years, rent has skyrocketed, food prices have skyrocketed, CPI has skyrocketed and most people's wages only gone up 2%-3% in that time frame, far below CPI.

Since thee last three interest rate rises, my sales have dropped to 50%, people can't afford to buy entertainment when they can't pay rent, bills and for food. The common working man cannot afford luxury items like gaming consoles atm. So to me until the economy stabilises and wages catch up, the majority people who will be buying a new Nintendo in the first year or two will be Nintendo fans. Based on that I don't think it matters if its end of 2024 or early 2025 as the sales won't be drastically different. 

I know it's against Nintendo's nature, but they better off dropping the Switch price down 30% (or as far as break even point is) in each region and let the wave ride out a few more sales, which will help move more software. Most struggling families would appreciate such a drastic price drop and could win over some future fans next gen when economies stabilise. 

Unrelated to this topic but I totally agree, interest rates have doubled over here in USA, and food prices have doubled (tripled if we bring in shrinkflation, where food and packaging is smaller, giving you less food for same price as the original size of food), and 65% of working Americans (about 55% of all americans are working class: low paying, limited skill required, and has an element of physical labor) live on a paycheck to paycheck life. Sometimes they dont have any money to spend at the end of the month.

@Cobretti2 you got this, keep it up, pay off any debts and make smart purchases. Invest in yourself.

Supposedly, a weaker economy doesn't have an impact on luxury purchases. I think that statistic is BS (on a personal level at least). If I dont have money to buy food, Im not gonna buy an expense gaming console. I'm probably gonna "solve" the issue by getting another job, and then I wont ever have time for my luxuries, like gaming.

In economic terms I think we might be heading to something much worse in the future, but I'd rather not have that.

The gaming companies won't see a huge drop in sales in 2024 or 2025 (given the stat regarding middle class will still purchase luxury goods even in a weaker economy).

And I agree, it is against Nintendo's nature to drop the price of a console (at least before the successor's launch), and a drop would lead to more console purchases (widening the fan base), and more game purchases (deepening the fan base).