The other interesting thing about this ongoing chase is that Nintendo still has several cards they have yet to play regarding Switch sales.
The obvious one being - price cuts. We are now in Year 8 of the Switch, and all three models are STILL selling at their launch retail prices of $199/$299/$349 respectively. If they were willing to ease up and drop the prices, I've no doubt in my mind the Switch will pass the PS2.
Take a look at their report from their latest Earnings Release. Specifically, their breakdown of Switch hardware this FY compared the last FY through the first two quarters
While shipments for the Switch OLED model are down almost 50% YOY, the regular Switch SKU and the Switch Lite are both flat or even up slightly YOY. And unless I'm missing something, that comes down to pricing. The two cheaper models are just easier to afford and invest in now that the Switch has such a massive and incredible library of games behind it. A library that will now by fully supported on Switch 2, so that way buyers of Switch 1 won't feel scorned for investing in one and buying games for it now, because they'll be able to play those games on the next system, when they're good and ready to make that jump.
If they did it so that all three of them would be cheaper and more affordable, that's going to give the Switch the shot in the arm it needs to reach that finish line and take the PS2's place on the podium.
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PlayStation/Xbox/Switch: 2022 Edition
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PlayStation 4: 2015 vs. 2016 vs. 2017