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That will depend almost entirely on the launch price of Switch 2 and if Nintendo keeps all Switch 1 models at their current price.

If Switch 2 ends up being $400 like it has been highly rumored to be and the Switch 1 models stay the same price, that’s going to have quite a noticeable negative impact on Switch 1 sales. Especially the OLED models, because why waste money on the OLED model when you can just jump straight to Switch 2 for just $50 more.
Base Switch 1 and Switch Lite can withstand it more and those will carry Switch 1 sales until the inevitable Switch 2 Lite model, and that’ll be what effectively kills Switch 1.

If Nintendo actually bites the bullet and cuts the price for all Switch 1 models, that will buy the Switch 1 substantially more time… Unless Switch 2 launches at a lower price as well, which could effectively kill of Switch 1 sales right there.