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It was a really long time since I was looking at console sales numbers, but I just came back and noticed that the Switch is outselling the PS5 (it's largest competitor) by a ratio of almost 10:1

Have I missed some stuff in recent years?

Is the PS5 underperforming? Is it in its slow early years?

Has Nintendo gobbled up the entire Japanese console market for the first time since the NES/SNES?
Does that mean there will be a flood of Japanese games for it?

What is going on?