Nintendo Co. is advising game publishers that its next-generation console will be delayed until the early months of 2025, according to people with knowledge of the matter.

“Nintendo is likely looking at a pretty dry pipeline this year,” Toto said. “The company will still try to keep the blockbusters for the next console, so 2024 might see more remakes of old Nintendo hits. In any case, 2024 will be a lot tougher for Nintendo without a new device.”