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I read a Wall Street Journal article earlier, that said the same thing.
Analysts say the 16.95 million figure, showing the number of units that arrived at retailers, looks small when compared with the number of units bought by consumers—a figure that is estimated by outside research firms such as Japan’s Gzbrain Inc. The difference hints Nintendo is getting ready to introduce new models, analysts said.
“The Switch’s sales were probably larger at retail stores than Nintendo’s shipment from its factories, and this suggests Nintendo is encouraging retail to reduce inventory ahead of new models,” said David Gibson, chief investment adviser at Japan-based equity research provider Astris Advisory.
It sounds like a new model could be coming soon, if it's true of course.
Edit: Sorry, I forgot to provide the link to the article.