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Nintendo is Nvidias foot in the door of console business, so i don't see Nvidia going for higher royalties. They might benefit from more consoles sold at lower prices though.

And looking at Switch's current price, future price cuts might not only keep demands high but lead to higher demand.
With games like Mario Odyssey and Pokemon and even the very first holiday season ahead it's actually just beginning to get interesting.
Right now it's likely over six million for the first six months without holiday sales. And with mostly Wii U Ports.