The PlayStation 5 and Xbox Series X are both due for release in late 2020 and, despite not having its own new console lined up, Nintendo isn't worried about a bit of competition - in fact, it doesn't think there will be much direct competition to its consoles at all.
Speaking in a Japanese Q&A (via VGC), Nintendo president Shuntaro Furukawa told investors that, while the gaming landscape will certainly change, the company doesn't think the release of these next-gen consoles will have a big impact on business.
"We will explain the specific figures for the next fiscal year in our next fiscal year announcement, but I think there will certainly be a change in the environment as new products of our competitors appear,” Furukawa told investors.
- Nintendo Switch Pro: everything we know so far
- Nintendo Switch vs Switch Lite: is bigger really better?
- PS5 vs Xbox Series X: what we know so far
Why so confident?
Furukawa explained that the reason Nintendo is so confident that the PS5 and Xbox Series X won't pose huge competition, is because the Nintendo Switch targets a different audience than Sony and Microsoft's consoles.
“We do not believe that the business trends of other companies will have a significant impact on our business,” Furukawa continued.
And Nintendo seems to be right in its confidence. According to a recent GDC survey, more game developers are currently creating their next project for the Switch than for Xbox Series X and more developers are intrigued by Switch than Series X - however, the Switch does struggle to hold a candle to PS5 interest.
For a while, we speculated that a Switch Pro was on the way in 2020, potentially going head-to-head with PS5 and Xbox Series X, but Nintendo has since debunked any rumors of a 2020 reveal which probably means the company can relax a bit when it comes to the next-gen console war. It's all on Sony and Microsoft now.
- Switch Pro: developers tell us what they want to see
Sign up to receive daily breaking news, reviews, opinion, analysis, deals and more from the world of tech.
Vic is TechRadar Gaming's Associate Editor. An award-winning games journalist, Vic brings experience from IGN, Eurogamer and more to the TechRadar table. You may have even heard her on the radio or speaking on a panel. Not only is Vic passionate about games, but she's also an avid mental health advocate who has appeared on both panels and podcasts to discuss mental health awareness. Make sure to follow her on Twitter for more.