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Kakadu18 said:

So if the Switch is in the middle of it's life, we could divide it into three phases.
2017-2019 - early life
2020-2021 - middle life
2022-2024 - late life

So maybe holiday 2024 would be when the next system launches. Previously I thought March or holiday 2024. If what they say is true it could be holiday 2024 or March 2025.
If they say the Switch is in the middle of it's life next year again, then it's clearly just PR talk to keep sales high for as long as possible.

It's hard to take statements like "in the middle of it's life" to mean anything. What do they class as life, until successor, until discontinued? How long is the period of "middle"? is 70% of the way through still middle? is 80% through still middle and only last 20% end?

It's just not concrete enough to make any meaningful deduction about it. Plus there is zero reason for Nintendo to say Switch isn't in the middle of it's life and is "nearing the end of it's life". Even if it were true.

You could have said 3DS was in the middle of it's life in 2016 and been correct, it wasn't discontinued until September 2020.