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h2ohno said:

Nintendo's market is mostly people who wouldn't get a dedicated home console or people who would get the Switch as a second console.  The number of people who are getting the Switch as their only console and would otherwise get a Playstation or an Xbox is very low.

That's mostly because of one big element: the Switch released 3.5 years after the PS4 and Xbox One. So either you didn't have a console when you bought a Switch, or you were interested in consoles and you already got one.

If Sony or MS launched a handheld console at mid-cycle of the generation, and could go until the next generation, it would have been different. And that's what MS actually did by bringing xCloud on mobile devices.

And btw I think MS should've launch a portable console such as the Steam Deck instead of launching the Series S as a home console.