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Ljink96 said:

3DS isn't anywhere near as powerful as any console on the market right now but it's still the best selling device. It's not about the power you have, it's what you do with it and what games you can make with it. Switch isn't a home console, it's not really a handheld but it's more of a handheld than it is a home console. So I think Nintendo is shooting for portability with games that look far better than 3DS, Vita, PS3 and 360 and Wii U (maybe as good as Xbox One), that can also double as console games

Handhelds are a different market. It's only competition was the Vita. Switch is not "more of a handheld" and, like it or not, is competing with PS4/XBO. That's how it's being marketed, that's likely how its software will be priced, and that's how the mass market are going to make their purchasing decisions with regards to it.