Fans around the world queue up in long lines for the highly anticipated Nintendo Switch 2 launch

The much anticipated Switch 2, being released around the world Thursday, is an upgrade to its eight-year-old predecessor with new social features meant to draw players into online gaming. Nintendo is counting on the Switch 2 to boost sagging sales.

In the U.S., a chaotic preorder process in April left some fans frustrated after the consoles quickly sold out. People lined up early Thursday at stores in hopes of buying one.

"I'm just rolling the dice here," said Edgar Huo, who was in a line of about 25 outside of a Target in the Tribeca neighborhood of Manhattan, New York. Many of those waiting for the store to open had ordered online, but a few like Huo hoped for a chance at purchasing any extra inventory the store had.

In Japan, the new consoles were sold through a competitive lottery system that Nintendo said got about 2.2 million applications.

Outside the official draw, some retailers offered their own lotteries to preorder the devices.

Koji Takahashi was among those who missed out on the official draw but he was selected in the second round of a lottery held by a major electronics retailer in Japan.

He was first in line waiting outside the store, arriving four hours ahead of its opening. He hoped to secure a limited supply of Nintendo accessories to buy along with his preordered Switch 2.

"I feel very sorry for those who weren't successful in the lottery. But I also had tough time getting this far, so I hope they forgive me!" Takahashi said.

Nintendo of America President Doug Bowser told CBS Morning Plus today that the company is aware of the demand for its newest system and is working to get units into the hands of customers.

"We have a steady supply of manufacturing that will be coming in, and we believe we'll be able to meet that demand all the way through the summer, through Father's Day and then on into the holiday period also," Bowser said.

The new console comes with a larger and higher resolution screen than its predecessor, with improved processing power, offering smoother and more vivid graphics. Central to its updated system is a new "C" button on its controller, which will launch a "GameChat" feature that requires a subscription to Nintendo's Switch online service. It allows players to "communicate with friends and family while playing a game," and lets them share their game screen with others. A built-in microphone will also allow chatting with other gamers.

Nintendo has said it expects to sell 15 million Switch 2 consoles for the fiscal year through March 2026.

The company also rolled out new Switch 2 editions for two of its popular "Legend of Zelda" games. A Pokemon title and a Kirby game are also coming, as well as offerings from outside video game publishers.

The Switch 2's rollout arrives at an uncertain time for much of the gaming industry due to new tariffs implemented by U.S. President Donald Trump.

In the U.S., the Switch 2's baseline launch price is $449.99 — significantly higher than the original Switch's $299 price tag.

U.S. preorders for the Switch 2 were delayed for several weeks so the company could assess the potential impact of tariffs.