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It seems to depend on the game as well. Odyssey and BOTW have dropped very little, but other games drop 10-20€ relatively fast, at least around here.
Xenoblade Chronicles 2 for example is down to around 40€ by now. Sure that is not in selcets range, but it's usually not true that Nintendo games don't drop at all. It just takes Nintendo significantly longer to bring out selects versions of their games with an official price drop, then it takes other companies to come out with a GOTY version.

All of that is part of why their war-chest is as big as it is. Their development budgets tend to be modest, compared to the typical AAA budget, so they usually make development cost back rather quickly and then rely on legs to really fill their pockets. They tend to value their games high and it works because most of them have fantastic legs and retain good aftermarket value. It's smart businesswise, but as a consumer, obviously I tend to hunt for deals.

My pet peeve is the pricing for the likes of DKTP though, it's a barely retouched game that is 10€ more expensive than it's original and as much as I love the game, and would love to play it portably, Switch 'remaster' pricing really screws over WiiU owners, so I'm holding off for now.

I tend to buy my games from amazon.fr or amazon.co.uk now, since amazon.de has insane markups on nintendos first party games. BOTW is still 69€ for the standart version for example, more expensive than any other european country from what I can tell. Other retailers seem to go either with 65€ or with the actual 60€ for new games. BOTW goes fro 50-55€ on other german retailers currently. I'm not sure what is happening there but amazon.de has consistently been going over msrp with Switch games.