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Financially? Brilliant. Switch hardware sales have fallen a lot, but tons of people are buying Switch 2 which is what matters.
Software wise? A lot to offer on both consoles. Several Nintendo titles are cross-gen which is very rare for Nintendo.
It's a pretty smooth transition so far. It is regrettable how much the 3 models of Switch now cost in the USA, but the Lion's Share of that blame is not on Nintendo.



Lifetime Sales Predictions 

Switch: 161 million (was 73 million, then 96 million, then 113 million, then 125 million, then 144 million, then 151 million, then 156 million)

PS5: 122 million (was 105 million, then 115 million) Xbox Series X/S: 38 million (was 60 million, then 67 million, then 57 million. then 48 million. then 40 million)

Switch 2: 120 million (was 116 million)

PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)

3DS: 75.5 mil (was 73, then 77 million)

"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima