Nintendo earning results Q1 FY 2025. Switch lifetime unit sold 152m

Top 10 Best Selling Switch Games:

  • Mario Kart 8 Deluxe - 68.20M
  • Animal Crossing: New Horizons - 47.82M
  • Super Smash Bros. Ultimate - 36.24M
  • Breath of the Wild - 32.81M
  • Super Mario Odyssey - 29.28M
  • Pokemon Scarlet/Violet - 26.79M
  • Pokemon Sword/Shield - 26.72M
  • Tears of the Kingdom - 21.73M
  • Super Mario Party - 21.16M
  • New Super Mario Bros. U Deluxe - 18.25M
Recently Released Titles:

  • Super Mario Party Jamboree- 7.48M
  • The Legend of Zelda: Echoes of Wisdom - 4.09M
  • Paper Mario: The Thousand Year Door - 2.10M
  • Mario & Luigi Brothership - 1.97M
  • Luigi's Mansion 2 HD - 1.88M
  • Donkey Kong Country Returns HD - 1.27M

 
Banjo64 said:
Top 10 Best Selling Switch Games:

  • Mario Kart 8 Deluxe - 68.20M
  • Animal Crossing: New Horizons - 47.82M
  • Super Smash Bros. Ultimate - 36.24M
  • Breath of the Wild - 32.81M
  • Super Mario Odyssey - 29.28M
  • Pokemon Scarlet/Violet - 26.79M
  • Pokemon Sword/Shield - 26.72M
  • Tears of the Kingdom - 21.73M
  • Super Mario Party - 21.16M
  • New Super Mario Bros. U Deluxe - 18.25M
Recently Released Titles:

  • Super Mario Party Jamboree- 7.48M
  • The Legend of Zelda: Echoes of Wisdom - 4.09M
  • Paper Mario: The Thousand Year Door - 2.10M
  • Mario & Luigi Brothership - 1.97M
  • Luigi's Mansion 2 HD - 1.88M
  • Donkey Kong Country Returns HD - 1.27M
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It's sad to see that despite Game Freak not giving a single shit about the games they're making, they still sell well...
 
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
 
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Mownoc said:
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
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Depending on how long legs the Switch will have after the Switch 2 launch. The past generations Nintendo's old consoles were pretty much cut short after they launched their new system. But Switch is remarkable so who knows.
 
Mownoc said:
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
Click to expand...

Very good point. And I don't see the point of many people even wanting to sell a Switch 1 in stores or online past March 2026 either. The price will never be $149 or lower.
 
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Will outsell PS2. Impressive.
Fried Rice Cooking GIF by Nigel Ng (Uncle Roger)
 
Mownoc said:
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
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Only chance at this stage would be if they keep the Lite as an entry level machine for another year or so and drop the price to 149 in all regions with a game.
 
So they landed at 10.88M this FY it seems. The initial forecast was 13.5M iirc, then adjusted down to 11M, so the drop is steeper than what Nintendo was expecting. Although I guess 13.5M was a definitely very high bar to begin with.

Will be interesting to see for how many years they'll keep Switch (1) going. 4.5M by March 2026, 2M(?) by March 2027, less than 1M(?) by March 2028 doesn't seem unreasonable. This'll be interesting!
 
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Oberstein said:
It's crazy how Zelda Totk simply stopped selling at one point.
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People realized that doing new stuff in the same world isn't as fun as descovering everything a new world has to offer. People wanted have a similar experience as in BotW and ToK only provides that if you never played BotW.

I'm so sad Xeno X didn't break a million copies while the fully priced DK upscale did and then some.
 
Robb said:
So they landed at 10.88M this FY it seems. The initial forecast was 12.5M iirc, then adjusted down to 11M, so the drop is steeper than what Nintendo was expecting. Although I guess 12.5M was a very high bar to begin with.

Will be interesting to see for how many years they'll keep Switch (1) going. 4.5M by March 2026, 2M(?) by March 2027, less than 1M(?) by March 2028 doesn't seem unreasonable. This'll be interesting!
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I wouldn't be surprised if they barely miss on their estimates for 2025 too.
 
Mownoc said:
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
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They need to cut Switch-1 price to $150-$200 and watch it sell to 170m lifetime
 
Kotaro said:
They need to cut Switch-1 price to $150-$200 and watch it sell to 170m lifetime
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They are very well positioned to be able to continue selling affordable consoles to families in times of rising prices. They can leverage that until those customers can graduate to NS2.
 
www.nintendo.co.jp

IR Information : Sales Data - Dedicated Video Game Sales Units

www.nintendo.co.jp

www.nintendo.co.jp

IR Information : Sales Data - Top Selling Title Sales Units

www.nintendo.co.jp

Super Mario Party Jamboree was the best selling game of Q4

CDN4vEQ.jpeg


Nintendo's earnings release for the 4th quarter of the fiscal year ending March 31st 2025 has been published, this covers the three month period from January 1st to March 31st 2025. Nintendo shipped 1.26 million units of Switch hardware and 31.43 million units of Switch software bringing lifetime totals to 152.12 million for hardware and 1391.23 million for software.

Year over year quarter 4 hardware sales are 0.70 million down from 1.96 million and software sales are 4.29 million down from 35.72 million.

Two titles sold over one million units this quarter, these were Super Mario Party Jamboree (1.31 million) and the new release Donkey Kong Country Returns HD (1.27 million). Unfortunately the other New Release Xenoblade Chronicles X Definitive Edition failed to ship one million units.

For the Nintendo Switch platform, Nintendo are forecasting 4.5 million units of hardware and 105 million units of software for the fiscal year ending March 31st, 2026.

For the Nintendo Switch 2 platform, Nintendo are forecasting 15 million units of hardware and 45 million units of software for the fiscal year ending March 31st, 2026.
1RZQdiV.png


Hardware

Switch Hardware Q4: 1.26m
Regional Split Q4: Japan 380k, Americas 490k, Europe 200k, Other 190k
Model Variants Q4: Standard 260k, Lite 210k, Oled 790k

Switch Hardware Total: 152.12m
Regional Split Total: Japan 37.20m, Americas 58.31m, Europe 39.20m, Other 17.41m
Model Variants Total: Standard 96.44m, Lite 25.48m, Oled 30.20m

Global Shipment History (millions)

ulAYEhZ.png


Software

Switch Software Q4: 31.43m
Regional Split Q4: Japan 6.32m, Americas 13.97m, Europe 8.83m, Other 2.32m
Tie Ratio Q4: 24.94

Switch Software Total: 1391.23m
Regional Split Total: Japan 273.12m, Americas 605.03m, Europe 404.72m, Other 108.35m
Tie Ratio Total: 9.15

Global Shipment History (millions)

cj3xwzk.png


Software Top 10

Total sales followed by the previous total then sales added to the total in Q4
  • Mario Kart 8 Deluxe: 68.20m (67.35m) + 850k
  • Animal Crossing New Horizons: 47.82m (47.44m) + 380k
  • Super Smash Bros Ultimate: 36.24m (35.88m) + 360k
  • Legend of Zelda Breath of the Wild: 32.81m (32.62m) + 190k
  • Super Mario Odyssey: 29.28m (29.04m) + 240k
  • Pokémon Scarlet/Violet: 26.79m (26.38m) + 410k
  • Pokémon Sword/Shield: 26.72m (26.60m) + 120k
  • Legend of Zelda Tears of the Kingdom: 21.73m (21.55m) + 180k
  • Super Mario Party: 21.16m (21.10m) + 60k
  • New Super Mario Bros. U Deluxe: 18.25m (18.06m) + 190k
New Release
  • Donkey Kong Country Returns HD: 1.27m New!
Others
  • Nintendo Switch Sports: 16.27m (15.74m) + 530k
  • Super Mario Bro's Wonder: 16.03m (15.51m) + 520k
  • Mario Party Superstars: 14.00m (12.89m) + 1.11m (Q1+Q2+Q3+Q4)
  • Super Mario Party Jamboree: 7.48m (6.17m) + 1.31m
  • Legend of Zelda - Echoes of Wisdom: 4.09m (3.91m) + 180k
  • Paper Mario TTYD: 2.10m (2.06m) +40K
  • Mario & Luigi Brothership: 1.97m (1.84m) +130k
  • Luigi's Mansion 2 HD: 1.88m (1.80m) + 80k
Million Sellers not updated this quarter (1st party published)
  • Ring Fit Adventure: 15.38m
  • Pokémon Let's Go: 15.07m
  • Pokémon BD/SP: 15.06m
  • Pokemon Legends Arceus: 15.00m
  • Luigi's Mansion 3: 14.25m
  • Splatoon 2: 13.60m
  • Super Mario 3D World + Bowser's Fury: 13.47m
  • Splatoon 3: 11.96m
  • Super Mario 3D All-Stars: 9.07m
  • Super Mario Maker 2: 8.42m
  • Kirby and the Forgotten Land: 7.52m
  • Legend of Zelda Link's Awakening: 6.63m
  • Clubhouse Games: 4.64m
  • Donkey Kong Country Tropical Freeze: 4.62m
  • Mario Tennis Aces: 4.50m
  • Kirby Star Allies: 4.38m
  • Legend of Zelda Skyward Sword HD: 4.15m
  • Fire Emblem Three Houses: 4.12m
  • Hyrule Warriors Age of Calamity: 4.00m
  • 1-2 Switch: 3.74m
  • Pikmin 4: 3.48m
  • Paper Mario Origami King: 3.47m
  • Yoshi's Crafted World: 3.35m
  • Super Mario RPG: 3.31m
  • Metroid Dread: 3.07m
  • New Pokémon Snap!: 2.74m
  • Xenoblade Chronicles 2: 2.74m
  • Arms: 2.72m
  • Mario Strikers Battle League: 2.63m
  • Mario Golf Super Rush: 2.48m
  • Pikmin 3 Deluxe: 2.40m
  • Captain Toad Treasure Tracker: 2.35m
  • Octopath Traveller: 2.08m
  • Mario + Rabbids Kingdom Battle: 2.00m
  • Pokémon Mystery Dungeon DX: 1.99m
  • Big Brain Academy Brain vs Brain: 1.94m
  • Xenoblade Chronicles Definitive Edition: 1.91m
  • Xenoblade Chronicles 3: 1.91m
  • Kirby's Return to Dream Land Deluxe: 1.82m
  • Miitopia: 1.79m
  • Mario Kart Live Home Circuit: 1.73m
  • Fire Emblem Engage: 1.68m
  • Marvel Ultimate Alliance 3: 1.60m
  • Pokkén Tournament DX: 1.54m
  • Nintendo Labo Toy-Con 01 Variety Kit: 1.42m
  • Metroid Prime Remastered: 1.36m
  • Wario Ware Get it Together!: 1.34m
  • Astral Chain: 1.33m
  • Dr Kawashima's Brain training: 1.27m
  • Bayonetta: 1.24m
  • Bayonetta 2: 1.23m
  • Princess Peach Showtime! 1.22m
  • Game Builder Garage: 1.15m
  • Mario Versus Donkey Kong: 1.12m
  • Bayonetta 3: 1.09m
  • Fire Emblem Warriors Three Hopes: 1.00m
Nintendo Switch hardware shipments compared to some other platforms (millions of units)

L93N8KV.png
 
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Alan Wake said:
The past generations Nintendo's old consoles were pretty much cut short after they launched their new system.
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This is techincally correct, but the reasoning behind isn't the correct one. They tend to launch their new consoles (home console) way beyond the point where no one wants the console anymore. The most direct comparison would be the Wii, where after 2010 no one really wanted a Wii, and the sales went from 97 million to 101 million in 4 years. And they launched the Wii U late 2012.

And when the Switch launched, no one wanted a Wii U in the first place, but even less people wanted one in 2016 (it sold 3 million in 2015 and 900k in 2016), and the Switch launched in 2017.
 
Hyet said:
People realized that doing new stuff in the same world isn't as fun as descovering everything a new world has to offer. People wanted have a similar experience as in BotW and ToK only provides that if you never played BotW.

I'm so sad Xeno X didn't break a million copies while the fully priced DK upscale did and then some.
Click to expand...

Some people are going to wait for Switch 2 to play that game.
 
one more year to eclipse PS2?

Hopefully Nintendo continues to manufacture switch 1s. It seems like after their statements about switch 1 vs switch 2 they will.
 
Sony just announced they found a warehouse full of PS2 Mini's. Will go on sale soon for $49.99.

Nintendo software sales are just incredible.
 
Ozzie666 said:
Sony just announced they found a warehouse full of PS2 Mini's. Will go on sale soon for $49.99.

Nintendo software sales are just incredible.
Click to expand...

For 152 million consoles out there, 1.39 billion games sold is a ratio of 9.15 games per console.

Not bad, and better than their old handhelds wich had a ratio around 6/7, but they aren't incredible by any means.
 
Exede said:
It could really beat the PS2, not bad.
But the software sales are super crazy!
Click to expand...

Crazy to think the PS2 at this point in its lifecycle was around $130. They dropped the price by over half while. The switch continues to sell at full price for the most part.
 
Great results for being the slowest Q and the age of the Switch. Also, Nintendo timed the Switch 2 launch perfectly. They are planning to sell 15 Million of Switch 2 in just 9 months is insane. Looks like they are going to produce at least 20 million of Switch 2 for the first 12 months.
 
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Mownoc said:
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
Click to expand...
I think that's basically all the consoles they can produce in that timeframe, the launch of the console is going to be very front loaded in terms of sales.
 
KellyNole said:
Crazy to think the PS2 at this point in its lifecycle was around $130. They dropped the price by over half while. The switch continues to sell at full price for the most part.
Click to expand...
Not only that, it also was the most affordable dvd player at times, so not only gamers bought it. And the PS2 was produced and sold for 12 years, Switch did 152m in 8 years.
 
Mownoc said:
They are forecasting 15m Switch 2 shipments by March 31st 2026. Which would be basically the same speed as the Switch 1. 15m in first 10 months, vs 14.86m in first 10 months for the original Switch.

Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
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If NS1 hits 4.5M in this fiscal year then it needs additional 3.50-4.00M sales through the end of life to beat the PS2 ecord.
PS2 total sell-in is a generic "over 160M" but well below 160.64M which are the total units manufactured*.

* until Sony finds additional PS2 units somewhere lol

Nintendo consoles sales after the release of the successor (taking as a reference the first quarter after the quarter the successor was launched for the very first time):

GBA: 15.76M
GCN: 0.22M
NDS: 7.58M
WII: 2.24M
3DS: 9.67M
WIU: 0.00M
NSW: ?

Sell-in data unless otherwise specified.


For PlayStation consoles:
PlayStation TV consoles sales after the release of the successor (taking as a reference the first quarter after the quarter the successor was launched for the very first time, therefore for PS1 it was considered the PS2 japanese launch):
PS1: 29.57M *
PS2: 39.64M *
PS3: ~7M **
PS4: 2.10M

Sell-in data unless otherwise specified.

* Production shipment (to not be confused with sell-in)
** Sony announced in early November 2013 that PS3 had reach the 80M milestone. For PS3 not all quarterly data is known due to Sony practice to group PS3 sales with PS2 ones in FY'12.
 
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I was expecting higher forecasts for Switch 2, they are similar to those of Switch, it is difficult for the first Switch to surpass PS2 sales at that pace.
 
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Actually think Switch 1 sales might get a little bit of a boost.

Anyone who doesn't own a Switch is going to contemplate the Switch 2 then realize they can get 80% of want they want out of a Switch 1 for less cost....
 
GoldenEye98 said:
Actually think Switch 1 sales might get a little bit of a boost.

Anyone who doesn't own a Switch is going to contemplate the Switch 2 then realize they can get 80% of want they want out of a Switch 1 for less cost....
Click to expand...
Probably time for a price drop too.. however, a $300 Switch makes the $450 Switch 2 price seem reasonable considering the massive tech leap.
 
Scrawnton said:
Probably time for a price drop too.. however, a $300 Switch makes the $450 Switch 2 price seem reasonable considering the massive tech leap.
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The gap is like $250+ CAD here in Canada between a reg Switch and Switch 2 if you include the tax difference. Switch Lite is even more drastic.

Then you got the cost difference of games....Micro SD Express.

At least as someone who didn't own a Switch 1 I realize I can play a fuck ton of games for lower cost overall by just going with Switch 1. Switch 2 doesn't have that many exclusives yet.
 
Horseganador said:
I was expecting higher forecasts for Switch 2, they are similar to those of Switch, it is difficult for the first Switch to surpass PS2 sales at that pace.
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This is basically ~9 months forecast for the Switch 2, not the same. The Switch 2 is going to launch ~2 months after the FY started. Switch 1 launched 27 days (And sold around 2.5M) prior the beginning of their next fiscal year. The Switch sold 15.01 million in that full 12 months period (FY18). If the Switch 2 meet the forecast that's 15 million in just ~9 months, and thats all the units that Nintendo can produce. Probably 20 million in the first 12 month's calendar year.
 
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Nintendo Forecasts 15 million hardware and 45 million software for the current fiscal year, for comparison the OG Switch shipped 15.05 million hardware and 63.51 million software for it's first full fiscal year. The hardware target is achievable and the software is easily achievable, if they have a big hitter in Q3 (3D Mario please) then they will zoom past that 45 million software target with a quarter to spare.
 
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Didn't realise how badly Engage did compared to Three Houses. Hopefully this means we get more Three House style FE in the future instead of stuff like Engage.
 
LordOcidax said:
This is basically ~9 months forecast for the Switch 2, not the same. The Switch 2 is going to launch ~2 months after the FY started. Switch 1 launched 27 days (And sold around 2.5M) prior the beginning of their next fiscal year. The Switch sold 15.01 million in that full 12 months period (FY18). If the Switch 2 meet the forecast that's 15 million in just ~9 months, and thats all the units that Nintendo can produce. Probably 20 million in the first 12 month's calendar year.
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Haven't they been producing consoles much earlier to avoid tariffs? I thought alot more considering that aswell as holiday sales.
 
Hector Hall said:
For 152 million consoles out there, 1.39 billion games sold is a ratio of 9.15 games per console.

Not bad, and better than their old handhelds wich had a ratio around 6/7, but they aren't incredible by any means.
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We should note that this doesn't include digital-only games. So the real software number is higher.
 
Sakura said:
Didn't realise how badly Engage did compared to Three Houses. Hopefully this means we get more Three House style FE in the future instead of stuff like Engage.
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Engage has arguably better gameplay, but they went too hard with the Anime stuff for me, tbh.
 
jm89 said:
Haven't they been producing consoles much earlier to avoid tariffs? I thought alot more considering that aswell as holiday sales.
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Looks like the Switch 2 entered full production capacity this year… There wasn't enough time to stock consoles to avoid tariffs for the whole year, that's almost impossible… Still the launch of the console is going to be very front loaded IMO. The Switch 2 is probably going to sell close to half of the whole fiscal year forecast in the first month, around 5-6M. I don't know what Nintendo is going to do for this holiday season to meet the demand or maybe they can manage the launch and limite the amount of consoles to 3-4M… Well see.
 
Oberstein said:
It's crazy how Zelda Totk simply stopped selling at one point.
Click to expand...
It's the curse of "Zelda 2". It always sells way less than the first one

One can count with Twilight Princess as the 2 that sold more, but everyone knows that the sales were mostly because of Wii launch
 
Mownoc said:
Switch 1 is forecast to ship 4.5m, a 60% drop YoY, which would bring it up to 156.62m by March 31st 2026. Beating the PS2 will be very difficult if they don't beat that forecast. I don't seem them then shipping another 4.4m+ after march 2026 if they only do 4.5m this fiscal.
Click to expand...
I hate to say it, but Nintendo honestly doesn't care at this point. The PS2 was going for $99 at this point in it's lifespan. The Switch has never had a price cut.
 
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