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barneystinson69 said:

The PS4 and XB1 are both 299 (in fact, the XB1 is actually on sale for 279 right now). You can't possibly tell me the HW inside the Switch is worth as much as either of the former two consoles.

The PS4 and XBO aren't powerful portable devices with screens

The Vita still sells for 200 bucks. It's old tech. The Switch is 300, and is much more powerful than the Vita, has a bigger screen, and more advanced tech around as well. 

You can't compare everything based only on the CPU and GPU specs. There is a lot more to take into account than that. Portability being one.