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haxxiy said:

In PC terms it's like a 1050 Ti for docked mode vs. an RX 570 for Xbox, so the Series S will be comfortably ahead. It's not even a matter of Nintendo being cheap, the power constraints are simply too much to overcome in this case.

It really depends on what the process node of the chip will be. 

If it is on a 5nm node, then RTX 2050 30W level performance is doable (given that the 2050 is produced on an 8nm node.) An RTX 2050 30W is about 20% faster than a GTX 1050ti (desktop) and 15% slower than an RX 570.

That's about a quarter-tier performance difference, about half of the difference between a GTX 1650 and GTX 1650 Super.

And the Switch 2 has advantages when it comes to ray-tracing, DLSS, and memory capacity.