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As the OP wrote in top post of thread...

EDIT: Because of those mentioning Switch, just clarifying this thread is about the two new next generation home consoles releasing this year that everyone on planet earth is talking about these days: PS5 and the new Xbox. Nintendo is not part of the discussion.

That is, in order to win the launch season, you must participate in a launch during that season. Which does not include Nintendo, although nobody is stopping them from choosing to directly compete, they themselves publicly made clear their "blue ocean" strategy that does not embrace direct competition... yielding their unique platform offering which their fans enjoy.