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It's a handheld PC. It's a niche product appealing to a rather small audience that's different from the audience the Switch attracts.
It was never going to rival the Switch in sales. Anyone who actually believes this nonsense that it could do so is delusional.

In terms of power it's obviously way stronger. But the short batterylife to me personally is a deal breaker. Might not have been one if I really wanted a Steam Deck, but I was only slightly interested anyway.