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LurkerJ said:

It will compete with gaming consoles priced similarly.

Why would they compete with the PS4? Over 50 million people have already bought one. It would be simpler for them to market directly to PS4 owners by offering them games they can't play on PS4.

I mean if they assume anyone who has already bought a PS4 or an XBO is lost, they're giving up on half the console market. Trying to sell a new system to those who still haven't bought one more than three years after both launched is just scavenging for scraps. The big spenders buy platforms at or soon after launch, and Nintendo needs the big spenders because the Switch is designed to suck more profit out of each consumer than any other Nintendo console for the past two decades.

Regarding the price, they have priced the Switch to make them a lot of profit, and as such there is a lot of wiggle room for price drops. I don't doubt we'll see competitively priced bundles this Holiday.