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While a price cut on the 3DS is always possible, I don't think it is necessary to keep it in production. Nintendo could be content to just keep making 1-2 millions per year for a few years if they wanted to. Nintendo is also not inclined to lose money on hardware as a loss-leader.

The main point I was trying to make is that Nintendo themselves have made it clear that they do not see the switch as being ideal for young kids as a portable, and they remain committed to the 3DS for the time being. At the same time, "young kids" is not a large enough group to create a 3DS successor for, so the switch should most likely not have to deal with a 3DS successor anytime soon.