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I guess it depends on how the tech and the market evolve over time. Nintendo has a lot of reasons to ride out the Switch longer than their usual 4-5 year life cycles. But with the Switch being in between the end of the current-gen consoles and the beginning of the next-gen consoles, future third party support can be tricky as we don't know how many third party developers will continue to support the Switch, even if it reaches 100 million units. The Switch will be even less powerful compared to Xbox Series X and PS5, but distinguished enough (in price, features, purpose, library, etc.) that it still has a place in the market (which shows in the current environment, even when FFVII Remake, DOOM Eternal, P5R, and other high-end console games have recently released).

The Switch 2 (or whatever it will be) will be an interesting piece of tech. While the tech is there, it would have to be timed appropriately. Nintendo would want to avoid selling consoles at a loss (which partly why they released the OG Switch at $300). Would a Switch 2 be reasonable at $350? $300? I remember some people online were taken aback when they learned that the Switch was going to launch at $300, especially when the PS4 was being sold around that price (or less) at the time and had a more established library and greater market- and mindshare. Would the Switch 2 be powerful enough to get ports from next-gen games? And how would that affect Nintendo's output?