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Soundwave said:

Turns out Furkawa never even actually used the terminology "longer product cycle".

It's a mistranslation added by some dumb little league gaming site. The actual quote is direct from Nintendo's site is:

https://www.nintendo.co.jp/ir/pdf/2020/200202e.pdf

“By placing our main focus on the Nintendo Switch, we feel we can have a very different hardware life cycle than previous Nintendo consoles.”

This was changed by Videogameschroncile site as they added the word "longer" in parentheses, this is something they pulled out of their ass for clicks and it worked because a bunch of other sites then ran with this as gospel:

https://www.videogameschronicle.com/news/nintendo-is-considering-its-approach-to-future-console-development/

They mistranslated from the original Japanese version of the Q&A. The official English version supplied by Nintendo themselves does not have the word "longer".

The translation clearly was correct as that was what Furukawa was talking about! We also had the quote from a few days ago where they said the same thing. And Nintendo has been saying this for years. And by the way, when Nintendo talks about lifecycle they clearly mean the time it will take until the Switch 2 releases. You just have to read their statements!