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The only reason why it is perplexing to some that the Switch is regarded as current generation rather than next generation system is because they can't countenance the possibility that it will compete with the majority of it's life against the PS4/X1 rather than against the PS5/X? so if the rumors of a late 2020 release are true then for the Switch to declare itself as truly next generation, it'll have to hold out solely until the end of the first half of 2024 before a new successor arrives ...

If Switch's successor doesn't launch by 2021, we will have to ask why Nintendo is granting Sony and Microsoft such a long headstart. Why do they allow Sony and Microsoft to establish a large installed base before they launch their own gen 9 console?

It's because they realize that the Switch or it's successor won't ever serve as a true opponent to the PS4/X1 or let alone the next systems from Sony or Microsoft. It's not like either Sony or Microsoft have to force Nintendo's hands to release a new system by 2021 since they're headed into a direction where Nintendo itself can NEVER follow because of the fact obvious to everyone by now that they've abandoned competing against home consoles ... 

For once, the paths between portables and home systems will diverge so the experiences between them will never be the same and at most Nintendo will only serve as an indirect competitor against Sony or Microsoft from here on out ...