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PAOerfulone said:

If Smash 5 was in development, we'd know about it by now. They usually announce something is huge as a new Smash Bros. game WELL ahead of time to build up as much hype and anticipation as possible (remember the Smash Dojo?)

Brawl was announced in 2005, revealed at E3 2006, released in 2008. 
Smash 4 was announced at E3 2011, revealed at E3 2013, released in 2014.

If they announced Smash 5 now, I wouldn't expect it until 2020/2021. 

Brawl was a different era, the only Switch game we knew of a year in advance before this year was Zelda, we didn't know of Mario, Arms, M&R etc... yet they all came out this year what you've said here is not really concrete, Metroid 2's remake was only announced 5 months before release even Doom was only announced a month ago and is out in December so an announcement doesn't mean years away.

Nintendo are more strategic today than before, MK8 got a port because it was only on Wii U while Smash IV how ever is on both 3DS and Wii U it's already got a version on another platform and has sold 13m units in total which beats Brawl's sales and is the top selling entry the game has met previous sales expectations unlike MK8 despite the latter's 7m units. A port may have been an option if the Switch struggled but I don't think it is now its taken off, I can only really see Smash 5 now as a ground up new Smash will be more attractive than another port.