Nintendo will always be around, and their consoles will be around for as long as there are consoles. But this isn't necessarily for that much longer, as it depends on how quickly streaming gaming takes off. If it all becomes like Netflix, then consoles will begin to die out.
Of course, they can combat this through innovative peripherals. In the long term, I can see Nintendo going completely first party and peripherals, but not until everyone else has left the console business.
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