Perhaps it was too early to give updated sales figures for Labo. They didn't give official sales figures for Labo until after the Holidays either. As they said, it's being treated differently from the main Nintendo Switch lineup. 1 million isn't an unsuccessful product. Niche? Sure, but far from a failure.

Never. It would be even more pointless than the Switch Lite.

Well, as they successfully reduced the price by one third for the Lite, I can see why Nintendo believes there is a market for it.

For a TV-only Switch I am not so sure. While handhelds are a market and nothing current is in that market besides Switch a Switch Lite at a lower pricepoint to further dominate that market makes sense. In the TV-console area though there is competition. And I don't see what a non-portable Switch on TV offers over a PS4. The hybrid Switch allows to seamlessly switch between TV and handheld, this is something else. For a TV-only Switch something additional is needed.

There will be no Switch Pro. We may see a model with a 1080p screen and a slightly higher clock speed, but it will not even be advertised as a mid gen refresh.

What I predict is a full blow Switch 2 in 2022 (5 year cycle) that is fully BC with the current models, as that is the only thing that makes sense to me at this point. Given the jump to next gen for Nintendo's competition, anything less than a full generational leap will be viewed as "not enough" by the media and picked apart for "only being 1080p" and only serve to either draw out the life of Switch 1 or be viewed as screwing over people who bought a "Pro" for releasing a new device soon after.

There is another possibility however...one that is possible...but also caused someone to accuse me of drinking on a wendsday...

The Switch Lite might be a way for Nintendo to phase out the hybrid nature of the device with next gen consoles, and make it a full on 3DS successor with a head start in install base. Then early next year (or the game awards), reveal that the rumored Switch Pro is actually a new dedicated home console set to release in 2020 or 2021, making it completely different from the Switch altogether, but possibly have BC with performance upgrades to Switch games alongside the games that will be just for that console. This would allow Nintendo to have an existing library similar to how Sony and MS will have with their own BC.

Just a thought...

Basically it would allow them to reduce the price of the unit, much like the portable only unit.  Also, you can’t play Nintendo games on a PS4, that is how it differentiates.  The games.  

The rumoured other model is starting to look more and more like a dedicated home console. A Switch that doesn't need to be underclocked sounds like a 'modest upgrade'.
2D Mario, Animal Crossing, Pokemon and Switch-lite covers the DS gang so it's just the Wii Sports crew left to pick up with a low priced, Netflix streaming, SwitchTV.

Switch Sports + 2 Joycons or BOTW 2 and a Pro controller for $250 sounds reasonable.

At that point though, they may as well just release a new console altogether and make Switch their new handheld device to go alongside it.  A TV only Switch would almost have to be 4K compatible to hold any real relevance without portability, and given the power of the current Switch, you may as well just release a new dedicated console at that point.

Your logic works well on paper, but fails hard in practice in this case.

Still, 1.5 million is still pretty good for a single year. Not everything has to be a rapid selling mega hit to be profitable or successful.

Labo was never designed to be a system selling killer app. It was always intended to be a niche product for a different market. Something Nintendo themselves said even before it launched. Even when it launch, there wasn't really a massive marketing push for it. And to your second point, Nintendo already has a bunch of system sellers on the Switch. Again, If their console was struggling, then I can see sales being held to a higher standard for New IP or Non-Franchise games. But the Switch is healthy in both hardware and software sales, Nintendo has the room to toy around with niche 1-2 million sellers, in adition to system sellers that do arrive.

I'm also predicting we'll only be seeing a modest upgrade when we DO get a replacement. It'll probably have the exact same dimensions, *maybe* an improved screen, likely an improved battery life, possibly more storage, but nothing enormous. It likely won't be able to do any games that the current model can't, though it might be able to run permanently "docked-mode specs".

And, as basically everybody else has said, it'll replace the current model at the $300 price point.

Why the hell would it have to be 4K to have any relevance?  My switch games look great on my 4K tv... not sure why that is necessary.  Believe it or not, there are many people that would prefer to play their games on their tv’s instead of a tiny 4 inch screen.  

The reason why Nintendo shouldn’t release a new dedicated console separate from the switch is it would divide their software efforts.  Nintendo is much better off releasing their games so that they are compatible with all their devices.