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Two very different segments of the overall gaming audience.
The type of gamers/consumers who will buy a brand new $500-600 console at launch or within the first year are not the same kind of people who wait until year 4-5 of a different system to buy it for $200-300.
They either already have a Switch or never intended to buy one anyway. If the Switch does decline next year, it’ll have more to do with it entering its 5th year on the market with most of its library and big games already out with an install base well over 70 million and nearing the point of saturation.
The PS5/XSX will have very little, if anything at all, to do with it.