Switch is a success, the bigger concern for Nintendo now needs to be Switch 2, not arbitrary number totals. If they get to 110 or 120 million is not that important.
What's more important is that Nintendo has not really been able to follow up a hugely successful console without losing a noticeable amount of momentum the next time around.
NES to SNES went from 63 million down to 49 million and basically halved Nintendo's marketshare in North America and Europe to Sega and that began a consistent pattern of successive consoles selling even less from that point on (N64 then GameCube).
DS to 3DS was a disaster overall in that they lost half their sales, from 150 million down to 75 million or so.
Wii to Wii U was a complete bomb obviously.
The risk you take in leaving a product line to age too long on the market is the brand loses its excitement and luster and suddenly the market can turn on you quickly, waiting until 2024 would be a huge, huge mistake. If you had Sony like 3rd party support, that's one thing, but Nintendo doesn't have that, they have their core IP but they can't just re-use those over and over again expecting the same hardware bump.
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