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theDX is right in bringing the perception aspect of prices.
The consumers that are willing to shell out hundreds of dollars for a new smartphone every other year (iphones, for example), even if in installments, are the same consumers that buy consoles.

Before, consoles were relatively expensive, nowdays they aren't - if you take into consideration the rise of other "essential" products that people use.

If it's true that 3DS costed 120$ (after the price cut) less than Switch, it's also true that Switch has other system selling advantages: you can play on the go and on the TV; more system sellers and, overall, more games to play than the 3DS had at the same point in time.
Thing is, comparing both second years, 3DS is kicking Switc's ass. And price alone is not the only reason for that, if it even is the main reason at all.