It has 16GB of DDR5 memory. Also $400 dollars from Apple. That's 4x more RAM than the Switch. That's crazy cheap. Instead of paying $800 to Apple or Google (Pixel) or Samsung (phones), you get a 500GB/16GB machine for an extra $130 bucks (16GB included no extra charge). That is literally crazy cheap. Not sure how they managed it. They must be expecting ram prices to drop back to normal in the fall. Ram is the most expensive thing right now.
Sorry, I meant storage memory not RAM.