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Well, stuff like ARMS, LABO, Ring Fit Adventure, Astral Chain and of course less high profile stuff like Snipperclips and 1-2-Switch, are new stuff that they’ve introduced in less than three years. (And arguably Breath of the Wild was a completely new game set within the context of existing IP.)
I'll give you Arms, Snipperclips and 1-2 Switch but not the rest. Labo is Nintendo selling cardboard at a 10,000% markup. Astral Chain by Platinum Games really highlights the lack of diversity from Nintendo first party studios by needing to pay a third party to make an exclusive. Snipperclips and 1-2 are more mini/party games. Sure, they have their place but either set the world on fire and 1-2 Switch garnered poor reviews. Ring Fit Adventure is this gen's Wii Fit really aiming to get you buy an expensive accessory. None of this negate's Nintendo's reluctance to let go of Mario, Luigi, Zelda, Link and Metroid and games predicated on these characters (Kart, Tennis etc). They cram Mario into literally everything they can.
Nintendo need to create some fresh interesting IP and not something they've been milking for 20 to 30 to 40 years; they're like Disney 15 years ago. Terrified to let go of ancient IP and unwilling to risk new IP.