The market has moved on, I think even if the Switch had got everything right with performance, software and pricing I think it wouldn't be possible and as it is I think the first version's sales will drop considerably after the first few months and in some markets will not do well even for launch numbers.
Take off the rose tinted spectacles and its a horrible product to be honest. Too bulky with too short a battery life the complete opposite design philosophy to its most successful portables. It's more like Nintendo's version of Sony's more bulky and less practical PSP and Vita models which always struggled because of their inconvenient size and constant need to recharge. Trying to fill the void of its home console business has resulted in a compromised design for both portable and home use but luckily the future will allow for a decent Switch portable in a few years as fabrication technology improves and we will look back laughing at how awful this mk1 version is.
I also think for those who actually buy them there will be a struggle to keep them with the format at current pricing. Zelda looks amazing but the rest of the software looks weak to say the least especially if you are coming from wii u and have played the wii u versions already. To me it seems like you play Zelda and then you wait for Mario Odyssey. I see big things for Switch in something like 2019 but a train wreck before hand.
The one thing that is a spanner in the works is Nvidia. They have a long history of being aggressively profiteering and wouldn't reduce royalties in the past making the original xbox too expensive later in life so had to be abandoned and replaced with xbox 360 sooner rather than later and other issues with other companies. It may simply not be possible to bring Switch pricing down and Nintendo may be forced to abandon the Switch platform.
Sometimes I wonder if Nintendo get a good deal. They complained about the cost of the wii u yet the wii u is full of weak components that shouldn't have much value. Is it just marketing/PR when they say that or have they genuinely paid well above market value for such components because they are poor at resourcing components and getting a good deal. They complained about the cost of the gamepad but its an abysmal spec even for 2012. This could be another factor. Getting in bed with Nvidia does sort of reveal a naivety with their past history.