With the Nintendo Switch console turning seven this year, there's no doubt the Japanese company is getting ready to launch new hardware. Sadly, this won't be happening anytime soon, judging from a recent comment from the company's president.

　　Speaking during a call right after the publishing of Nintendo's results for the end of its fiscal year, president Shuntaro Furukawa confirmed that new hardware won't be released before the end of the current fiscal year, which ends on March 31st, 2024. The Japanese company also highlighted in today's results how it may be more difficult to "maintain the same sales momentum as before" with the console having entered its seventh year, but even so, its goal is "to have more consumers continue to play Nintendo Switch for longer, leading to maximized sales."

　　[Update] A few hours after Nintendo's president Shuntaro Furukawa commented on their next console, a source close to the company confirmed to Nikkei that the development of this unannounced hardware is proceeding well while reiterating that it will not launch before next Spring at the earliest.

　　While Nintendo doesn't plan to release new hardware before the end of the current fiscal year, this doesn't mean that this gaming hardware is not getting announced in the next few months. Rumors have been circulating for a long time about this new console and what it will be capable of, so it will be very interesting if it will indeed come with 4K resolution and NVIDIA DLSS support, which would be a gamechanger if the new hardware will be a hybrid console like the Switch.

　　The Nintendo Switch console has been selling great since its launch, having surpassed 125.62 million units sold worldwide. While hardware sales have slowed down, software seems to be doing great, as recent releases such as Metroid Prime Remastered, Kirby's Return to Dreamland Deluxe, and Fire Emblem Engage have all sold more than one million units. With The Legend of Zelda: Tears of the Kingdom launching this week, there's no doubt that Nintendo will enjoy another strong year, despite the lack of new hardware.