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"There is only one exception to everything I wrote above:
Nintendo continue to launch revisions under the Switch moniker for years to come that go beyond the usual lifespan of a console (15-20years) without considering it a jump in generation or a new system."

This is a big reason why is still can sell, but I do think you're not giving enough credit to the advantages the Switch has in circumstance over the others, as if it has none.