Here are four things to know about the Switch: As of late September, Nintendo had sold 146 million Switch machines since the gadget’s launch in March 2017. That makes it the third best-selling console in video game history behind Sony’s PlayStation 2 and the Nintendo DS.

The new console looks physically similar to the popular Switch system, which has sold more than 146 million units in seven years.

Nintendo is betting on the 2025 release of a bigger, better version of its blockbuster Switch console to keep up the success of the third best-selling games machine of all time.

Japan's Nintendo will release the Switch 2 console, successor to its hit Switch device, this year, it said on Thursday. The Kyoto-based gaming company did not release pricing for the new device and said it would provide more details at a Nintendo Direct event on April 2.

Nintendo shares fell sharply after it said the much-anticipated successor to its Switch console would go on sale later this year, disappointing investors with a lack of specifics and a design that feels more like an update than a reinvention.