Nintendo only has to get lucky once.......

[Pemalite]

Tober said:

If China would start adopting Switch or any other Games console on a similar level as e.g. Europe, the sky is the limit.

Simply due to the sheer size of the population there is a giant middle class that can afford it. In traditional markets like North America, Europe and Japan it's probably capped already. The growth will need to happen outside of these.

Think what happened with cars. Everybody thought there was a ceiling for worldwide sales, then China started to grow so substantially it's now easily the biggest car market and raised the ceiling for worldwide sales dramatically going from approx 60 million to 80 million within 20 years.

India is huge as well... 4th largest economy, it passed Japan, it will pass Germany very soon and will sit under China and the USA.
It actually exceeds China in terms of population and has been exceeding China for some years now in terms of overall GDP growth.

India has the advantage of a younger population.. India's median: 28 vs China's 39 median age.
And younger populations tend to be more interested in things like gaming... The only hindrance is that the amount of people that are classed as "affluent" is about 4% of the population, but that will change over the next decade.

The USA is in decline on the world stage, so India is the logical counter balance to China in my eyes.