No, unless some miracles are done with hardware and software from this point on. Which I doubt.
But like all Nintendo hardware, Nintendo will be smiling when forced to reduce the price, unlike its competitors who have less room to move. Right now, Switch is quite overpriced & a less-than-ideal hybrid of the 'portable' and home console worlds. Probably Nintendo's last gimmick. But the potential is there for massive price reductions in the future, without bleeding.
Version 2 Switch hardware and software support in 2 years will be very interesting to watch though. Same with Version 3.
Lucky for them that Sony is no longer selling the Vita. If people are buying like they say, there is no need to reduce the price, so good for them & their investors. But I don't think we have seen a truly excellent Switch portable, nor a powerful home console that would worry its competitors. With the increasing popularity of 4K from here on out, the Switch is not immune from the Wii's longer-term problems.