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Hmm well they'll no doubt release a cheaper and kid proof model.
They'll eventually put out a New Nintendo Switch type device that's a bit better built with marginally better specs. The main benefit for this is for the early adopters of the Switch to buy a new console and give Nintendo a nice pile of money. They'll probably want to make it a profitable sale rather than losing money on the consoles price.
After that they'll just move fully into digital only for all the future models and save money on the carts and so on.

The thing I'm curious about is software. Will the Switch finally get GTA, Madden, MLB or COD. And if Nintendo will try and do a Wii Sports-like game, now that Ring Fit Adventure has been an incredible success.