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Well they can follow their own path and decide when the gen starts, can't they ?

And today is the launch of Hitman III, the first official game to launch on the PS5 and Series X as well as the Switch on the same day. I think Nintendo will adapt until maybe 2024-2025 and then decides to launch a new console.

And I think Nintendo won't launch a new console before somebody (let's say NVidia) produce a chip which would be nearly as powerful than the Series S (and the Apple M1 showed that in 5 years we can match that in a mobile chip)