Nintendo officially revealed the Nintendo Switch 2 last month, showing off a console that looked very similar to its predecessor, albeit larger and slicker. At the time, the company also revealed that a Nintendo Direct stream focused on the Switch 2would take place in early April,

Nintendo’s latest earnings report is out and sales of the Switch console have plummeted after the Switch 2 rumors and announcement, exactly as you’d expect. Switch sales are now projected to hit 11.0 million for the year ending March, down from 12.5 million units forecasted.