Here's how I see it working out:
Year 1-4: The Switch is Nintendo's primary console, fully taking advantage of its hybrid nature.
Year 5-6: As Nintendo begins to transition to its next console and the software begins to dry out, the price is aggressively cut and new iterations of the Switch focus consumer attention on its handheld abilities.
Year 7+: The Switch is now Nintendo's secondary console. It is sold for under $100 as a cheap alternative for families just looking to get a popular handheld to their children with a rich library of games available.