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I’m not sure if I’d go as far as to say launch figures are “meaningless,” though OP is totally correct. Whether a system is “sold out” at launch isn’t a perfect indicator of long-term success. Had the Switch not seen a strong line-up of first-party titles, then it would’ve cratered similar to the Wii U.

edit: to clarify, I am aware this thread is from 2017, though it def does seem relevant to the current situation.