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The CPU is definitely capable of more, likely the clock ceiling for both CPU and GPU will go even higher when the die-shrink to 4nm/5nm inevitably happens as well.

I can also see the amount of resources devoted to GameChat being axed over time also, I think the sales of the camera are extremely low, almost no one is using that video chat functionality. At a local GameStop I know the manager and they've sold out of multiple waves of Switch 2 hardware restocks but have sold two Switch 2 cameras from launch day to now total.