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Well, they have to create a 3DS sucessor. That means a sub-US$170 handheld, so Switch isn't cutting it right now. It seems that it is also a long way from reaching that price point and it will most likely retail for a higher price point than PS4/X1 for most its life.

A "lite" version with limited functionality that could match the price of the 3DS is not a bad idea at all.