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The_Liquid_Laser said:

I thought it was obvious that Switch 1 was Nintendo's PS2 moment.  

The Switch can't be a PS2 moment for Nintendo seeing as it isn't following up on a previous success. The PS2's main attribute wasn't ushering in a new age for the gaming landscape, it was building on the success of its predecessor by taking advantage of the weak position of its rivals to consolidate 3rd party support and solidify Playstation as the dominant brand in console gaming. The Switch's success can better be compared to the PS1, but on a bigger scale. As Rol said, both consoles entered the market as unproven players with a unique lifestyle selling point (hybrid console and multimedia machine respectively) in what most assumed to be a saturated market but managed to steadily gain ground over their rivals and expand the market off a consistent and killer lineup of games. Both also ultimately laid the groundwork for what would be a very lucrative and sustainable business off which mostly iterative successors would follow.