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This year will likely be the last big year for the Nintendo Switch. All 'best selling' consoles reach a saturation point as they exceed 100 million units and I don't see how the Switch will be an exception to the rule. That said, if Nintendo plays their cards well and price drops the OG Switch and Switch Lite by £/$ 50, keeping the OLED at a premium price, I think they can easily exceed 135 million units by the unit's end of life. I don't expect the system to outlast the 2023 winter season, but it should have easily exceeded 135 million units by then, maybe more. The Switch has a strong opportunity to become the best selling system of all time on current evidence. It's not unlikely to see it doing 15 million units per year average over the next 3 years even if that will represent a significant drop in pace from current sales.

Nintendo has a tendency to kill a system immediately after a successor is released, and sadly I think this will be the case here too. The Switch 2 will likely keep full BC anyway, so they will afford being able to do this easily. The OLED is released as a stop-gap until the eventual Switch 2 is announced. I estimate Nintendo won't announce the successor before E3 2022, for release sometime in the winter of 2022 or even early 2023. Breath of the Wild 2 look to be the last big AAA exclusive from Nintendo themselves, although I do feel that Metroid Prime 4 will either skip ahead to Switch 2, or be a simultaenous release for both platforms a la Twilight Princess and Breath of the Wild for GC/Wii and Wii U/Switch respectively.