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.

Nintendo released its latest financial results, and it makes for some somber reading but teases the potential to smash an all-time sales record for the Nintendo Switch.

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,