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Lifecycle is also a loose term ... what's the 3DS lifecycle? It didn't just spontaneously die on March 2017, Nintendo was still releasing new content for it in 2019 ... so that's what? Eight year product cycle? It's still stocked in every retailer and sold and there are still new games coming out for it even in 2020. 

Switch will probably be similar to that, and continue to get new games years after Switch 2 is released.