Goodtwin
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And the pressure is there for something new in 2024. Switch HW decline was softened due to big launches such as ToTK or Wonder. They don't have anything else close to this that can release for Switch next year. Next year decline will be much more brutal and we're already seeing some regions (America) were hardware sales saturation is starting to kick in.
The software decline is lining up to be even more dramatic compared to hardware. The OLED has proven to be a popular upgrade for existing Switch owners, but this is a hardware sale that doesn't correlate to additional software sales like a brand new user does. Games like Zelda TotK and Mario Wonder are sales juggernauts that aren't easily replaced, and third party support for Switch has been slowing down (not county Indy). So even if Switch were to still sell 10+ million units next year, the drop off in software sales will be down double digit percentages, and this will be a red flag for investors who have become accustomed to Nintendo selling nearly 20 million units of hardware every year with software sales that are equally impressive.