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 gave gamers a sneak peek at the Switch 2, but little else. Here's what the teaser video confirmed, plus the rumors still swirling around the upcoming console.