The PS2 might still be the best selling console of all time, but almost eight years after its launch, the Nintendo Switch continues to close the gap, with Nintendo now confirming that it shipped over 150 million units as of the end of last year.

Nintendo is caught between its eight-year-old Switch console and the next-gen Switch 2 — a purgatory that usually hits sales. Sure enough, the company announced that it now expects to sell just 11 million consoles this fiscal year instead of the 12.

Japan's Nintendo cut its full-year sales Switch forecast by 12% to 11 million units as the aging console loses momentum ahead of the launch of a successor device this year. Nintendo remains dependent on its console business even as it has opened stores and its roster of characters feature in theme parks and film.