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Here is the thing about Switch.  It is actually a great platform for Indies and small/medium sized devs.  Going from Gen 6 to Gen 8 a lot of these devs went out of business.  That is the kind of result you get when Sony and Microsoft platforms become the standard for third party games.  It's because the most powerful systems are best suited to the highest budget games.  Smaller studios have to up their budgets on more powerful platforms, and if they don't sell enough then they go out of business.  At the same time large studios get great sales, because they have less competition from smaller studios.  There are fewer games made each generation and the biggest budget games gobble up lots of the sales.

So with Switch being the dominant platform the opposite is true.  This scenario is better for Indie/small/medium sized studios but bad for AAA developers.  The smaller studios are happy to make games for a platform like Switch, because there is a more level playing field.  They can compete more on design instead of budget.  AAA studios are not going to want to make Switch their main platform, but some may be more open to it simply because they don't want to get burned if the other systems don't sell enough.  Other large studios will bet it all on Sony/Microsoft platforms because they simply don't want Nintendo to succeed.  (It's really not in their best interest for Nintendo to succeed.)  If Sony/Microsoft don't sell enough systems then these larger studios lose a lot of money and shrink or maybe even go out of business if they are really unlucky.

So the question isn't really about what third parties, as a whole, will do.  The question is more about "which third parties?"  I personally prefer a platform that supports small and medium size studios, because this is where innovative games tend to come from.  I personally find most big budget games to be boring and overrated.  Over the past couple of generations we've seen a decrease in innovation from third party studios, but I expect that to increase again now that the Switch is so popular.  AAA games might also decrease in popularity as a result, assuming Sony/Microsoft don't sell as many systems this time around.