How Nintendo "operates" I think will change considerably with Switch.
This is the first time they've had basically one hardware line since the 1980s, and it's a different world today obviously.
Also the Tegra X1 in the Switch isn't even that old. It's a 2015 chip, and I think they were definitely going for a 2016 launch, just missed it basically by three months because of software delays. Relative to the hardware release date the Switch chip is probably the most "modern" chip Nintendo has used in a game system since the GameCube chipset.
So "waiting five years" to use a chip I think is out. Lots of things are out, Nintendo's never used basically a non-custom chip recently, but with Switch it's basically completely non-custom. I think one big reason for that was so Nintendo could easily use future Tegra iterations, if they had done something crazy custom with the chip, it likely would have created problems with future Tegra designs.
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