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It is a bad thing that Nintendo is not able to produce the extremely weak and outdated hardware at a much lower cost. If they could produce it for 120$, selling it for 200$ would be within reach, provided that both Nintendo and the retailer share the 80$ profit. At 300$ it cannot compete with PS4 at all. Early adopters will get ripped off and then Nintendo will be forced to reduce the price at E3 because nobody is going to buy the system.