What? How can you compare specs/price of systems that launched 13 years apart? xD
"My Xbox One X demolishes the ps2 so it's good value."
I'm not saying the Switch isn't good value, just that this argument is bizarre.
And the Xbox X cost more than the ps2 did. That is in fact the point. Technology improves and costs money. The Switch is $50 more than what the PSP was. The price point is where it should be.
Eh no, higher specs don't mean it should definitely cost more when you're talking about systems that launched over a decade apart. A Gamecube cost the same as a Snes and was far superior, doesn't mean the Snes was crap value. Time allows you to offer better specs at a cheaper price.
A portable device with PSP specs today should be less than $50. Time changes pricing, so Switch Specs > PSP Specs so should cost more is silly.
Imagine if Nvidia launched a GT 1030 for $400 in 2017, sure it's better than the $400 card they launched in 2004 but that doens't mean the $400 GT 1030 is good value, it would be a PoS.
Predictions (Made July 2019)
LTD: PS4 - 130m, Switch - 110m, XBO - 52m 2019 : PS4 - 15m, Switch - 18.8m, XBO - 4.8m 2020: Switch - 22m (Peak Year)