Nintendo announced its financial results for its third fiscal quarter ended December 31, with hardware sales of the Switch hitting 4.82 million units.

Nintendo has released its latest financial results, and it makes for some somber reading. While the report does outline some steep declines, it also shines a light on the still-surging user base of the Switch, and teases the potential for Nintendo to smash a massive sales record it has been chasing for more than a decade.

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.