I think Nintendo will follow the same overall trend that the industry is moving towards.... backward compatible hardware upgrades. Similar to MS and Sony, I believe the next Switch will be kind of like a Pro or X version, with around PS4 level performance. For a handheld that would be insane. In the past, system architectures changed a lot between generations... with Sony and MS opting for x86 and Nintendo with the Arm Based Tegra, allows for future iterations of hardware to be more scalable. I think that is why Nintendo chose the Tegra. A PS4 level Switch could most likely play a lot of next gen games, albeit at lower resolutions and framerates. The same situation as now. Also, Nintedo's own games don't usually require a lot of hardware power compared to the competition, but I assume it would be like the RAM expansion on the N64. Newer games would be playable on the older hardware but with maybe less settings and features... similar to Perfect Dark on the N64 and it's requirement for the RAM expansion for multiplayer (if my memory serves correct). I could see a mid generation spike in sales of the current Switch with a price drop in anticipation of an upcoming revision.
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