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trent44 on 03 October 2018
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Well... Nintendo has been dropping hints along the way:

http://time.com/4661055/nintendo-switch-interview/?iid=sr-link8

Takahashi said:
…“It is Nintendo Switch, so maybe we’ll switch it up!” jokes Takahashi, responding to a question about whether Switch’s life cycle will resemble more the company’s TV consoles (completely new ideas at five-year-plus intervals) or its handhelds (subtler changes every few years). “Certainly, we’ve designed Nintendo Switch in a way that it can be used by consumers in the way that best suits them. I think we may see that people who have bought a Nintendo home console in the past traditionally, they may treat Switch like a home console and buy it and use it for a long period of time.”


“Whereas people who have been traditionally Nintendo handheld gamers, they may buy Nintendo Switch and then for example, if a new version were to come out later, then maybe they would decide to upgrade to that…

...

https://www.nintendo.co.jp/ir/pdf/2018/180502e.pdf

Kimishima said:

Consumers purchased Nintendo 3DS systems in numbers we expected last fiscal year. It has  an  ample  software  lineup  at  a price point that makes the system affordable especially for  parents looking to buy for their kids . We expect that demand to continue during this fiscal year  as well, so we will continue to sell the product.

Given  that  Nintendo  Switch  is  a  home  gaming  system  that  can  be  taken  on  the  go,  this situation may change if  it  grows  from  being  a  one -per -household  system  to  a  one -per -person  system.

But the price of the Nintendo Switch is not something with which most parents would buy a  system for every one of their children in a short period of time.

Moving forward, we will work to  ascertain  what  kinds  of  play  people  want  at which price points,  and  as  long  as  there  is  such  demand,  we  will  continue  to  sell  the  Nintendo  3DS  system.  I  see  the  product  coexisting  with  Nintendo Switch at this point in time.

Nintendo are squarely focusing on reducing the price of the Nintendo Switch as the avenue to getting the system from one-per-houshold to one-per-person.

And as I said:

trent44 said:

...Nintendo knows that the 3DS will fade as Nintendo Switch grows, and they need to fill that lower price entry point to expand the platform significantly...



...Will Nintendo make Nintendo Switch models with newer and better SOCs?
Probably so, but the performance benefit will be marginal to non existent at best, as the focus will be to reduce cost of the total cost of materials
(i.e. a 7nm SOC would allow them to put a smaller battery, reduce the entire chassis size, and remove the active cooling)...



...Nintendo's focus is it leverage its software library to sell its hardware, and to reduce costs of hardware while addressing a wider audience. Focusing on CPU and GPU power and splitting their user base is not where they will expand and Nintendo knows this...

So will the future revisions of Nintendo Switch come with an X2, or X3, or a custom die shrunk of the X1, or whatever they end up revising the hardware with?

Yes, but the benefit it will offer will be focused on reduce costs of cooling, battery, chassis, etc.

Going for a higher resolution, CPU/GPU clocks, etc. would increase cooling and battery costs, and would limit how much the price could drop.

Even a "premium model" XL SKU would probably focus on extending battery life and reducing the size of the bezel and having a 7 inch 720P screen; a TV only model would probably focus on going ultra low price, etc.