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numberwang said:

It seems the Switch 2 could be as late as Christmas 2024, so a Switch lifetime of 7.5 years. This could turn into another Wii drama with aged hardware being dragged on way too long. So far Nintendo has no competition in the mobile space but who wants to buy a device with a mobile chip from 2015 in 2024? PS5 proved that a new iteration can take over from a high selling predecessor seamlessly.

https://www.nintendolife.com/news/2022/01/analyst-predicts-2024-release-date-for-next-gen-nintendo-switch-successor

The Wii's problem was less about the age of the system and more about the fact that software completely dried up. In 2011, there was Kirby's Return to Dreamland, Skyward Sword and basically nothing else. Despite this, sales were relatively healthy in 2011, with 11.5 million units sold. Mario Party 9 was the only meaningful new release in 2012 (plus Xenoblade for the US), and then the Wii U came out and Nintendo stopped trying to sell Wiis, because they wanted to focus on their new machines.

In contrast, you can look at the DS. In its 6th full year on the market it still had decent support (Pokemon White in Japan, Heart Gold and Soul Silver on DS, Pokemon Ranger, Spirit Tracks and Dragon Quest 9) and it kept selling. And, the hardware for that was dated from the start. Even into its seventh year, it still had respectable sales. 

Anyone who really cares that much about the chipset probably isn't all that interested in the Switch. In terms of its chipset, its been dated since day one, yet it's still selling. It's about games. If they're not trying to launch a new console and a handheld line as they were in 2012, there's no reason to expect the sales trajectory to be similar.