Waiting for Nintendo Switch 2? You may not see it for another three years; at an investor presentation on May 7, he said that the flagship Nintendo Switch system is "barely at the midpoint" of its development.

According to GameSpot, David Gibson of fund management firm Astris Advisory Japan KK live-tweeted and translated the conference call for those wondering about Nintendo's performance over the past few months. Thanks in part to the blockbuster success of "Animal Crossing," the company announced sales of 162 billion yen, up 1.5% YoY: Thanks in part to the blockbuster success of "Animal Crossing," the company gave an optimistic outlook for its flagship game console.

He did not directly reveal whether the Nintendo Switch 2 would be coming soon, but did talk about the expected lifespan of the existing Nintendo Switch.

"Barely in the middle of the Switch cycle, no change to that view," Gibson tweeted.

The Nintendo Switch debuted in March 2017, meaning that Nintendo does not plan to release a previous model for another three years or more. This means that the Switch's successor may not appear until 2023 or later.

As GameSpot noted, Nintendo's priority for the Switch for a total of six years would give it a similar runtime to the Wii.

For now, Nintendo seems eager to continue growing the Nintendo Switch brand and game catalog. In recent months, sales of the console have increased as people stay at home and play games in their leisure time. As the Nintendo DS sold out quickly from major retailers, more and more people are trying to find out where they can buy one.

Nintendo is also attracting customer interest on the gaming front. Gibson said that the number of paying users of Nintendo Online "is growing from Pokemon and AC [Animal Crossing]."

There are also rumors that the Nintendo Switch will release a large number of classic Mario games this year that will appeal to avid and longtime fans of the Super Mario series.

Are you disappointed that you have to wait for the Nintendo Switch 2 or Nintendo's next console release? Distract yourself with the best Nintendo Switch games, recently re-ranked with the hottest new titles worth trying.