Third in revenue, with an almost 8-year old system, against a platform that spent $80+ billion to finally beat them in revenue while still dropping in profits (Xbox), and another platform that's missed its own sales forecasts despite only being 4 years old (PlayStation 5).
With both said platforms apparently needing to pursue a multiplatform strategy to hopefully increase profit margins to be comparable to Nintendo's in a soft year.
The people who gloat about Switch are annoying, no doubt. But Nintendo's never been deeply interested in the revenue game, so it's silly to use that as a measuring stick against them now.
It's also silly as people keep saying how "Nintendo is no competition", so why should they make any comparison at all.