I don’t follow gaming news like I used to, and CAN exchange rate might be blinding me too...but does it seem like console price cuts have come to an end? 3DS had one early on because it was flopping, but I don’t think it’s gone down $1 since then; did PS4 and XBox One get cuts when the “pro” versions came out? And, even if so, remember the days of nearly-annual price chops, or the $99 GameCube?
The $99 Gamecube happened because stores were carrying so much unsold inventory of Gamecube consoles that Nintendo actually suspended manufacturing of new consoles for a couple of quarters. Don't expect that with the Switch, which is flying off store shelves at $300 almost as fast as Nintendo can ship them.