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Chrkeller said:

Makes no sense for Nintendo release new hardware, the Switch is selling too well.

If you order 5 pizzas for a dinner party, but then you decide at the last minute you don't want to have pizza that night but move the party to the following week, you're still paying for the pizzas you already ordered. The pizza place doesn't care if you need them or not. 

In this case the pizza place is Nvidia, lol. 

"New hardware" doesn't neccessarily have to mean the old hardware is replaced/thrown out/thrown into the discount bin any more either. The "new" Switch can just be another product in the Switch family of products. The days of one hardware completely shutting down the previous hardware are starting to go away any how. It's fall 2022 (two years since the PS5 launched) and the big flag ship Sony title for the fall (God of War Ragnarok) is still coming out on PS4. 2023 big ticket releases like Resident Evil 4 Remake are still coming out on PS4. 

Don't think the OLED Switch model and Switch Lite are going anywhere and they will be getting the top Nintendo releases for several more years past 2023.