This is putting Nintendo on a pedestal. Major Japanese studios in general are consistently publishing great games and increasing hiring count / raising salaries. Switch 2 is also essentially just a spec bump from switch 1 which came out in 2017.
https://www.gamedeveloper.com/business/atlus-to-increase-sal...
https://www.videogameschronicle.com/news/sega-is-raising-jap...
https://gameworldobserver.com/2024/03/06/capcom-salary-raise...
https://automaton-media.com/en/news/sonys-game-division-anno...
I don't think it's unfair to say that Nintendo has some of the highest quality games on average, and probably the biggest cache of top tier IP of any studio on earth. The only studio that rivaled them was Blizzard IMO, and that got corrupted and has fallen to capitalism.