But a PS4 isn't a mobile platform. When you compare the Switch 2 with the Steam Deck it's more comparable in price.
The Steam Deck is roughly €420 and the dock is €90 so a Switch 2 at €470 is cheaper.
And if you compare it with all other consoles, yes those are more powerful, it's still in the cheapest category.
Or you need to buy a digital only version like the Series-S which mainly exists to sell digital subscriptions.
Nintendo usually sells their consoles at price while Sony and Microsoft sells at a discounted price. They expect customers to buy games to even out the price of the hardware.
Sure, Nintendo sells games at an even higher price, so I it would have been nice if they at least price matched their competitors taking the loss of additional cartridge price vs. blu-ray disks.
I think it's also the digital price that bothers people, as it's still high. Maybe they'll offer a Microsoft-like subscription which gives access to those games making the subscription more attractive.
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btw. The Switch 2 uses emulation instead of hardware backwards compatibility. This also apparently causes Switch 1 games to run much better on Switch 2 hardware, which is great.
Not all games are compatible (yet) so it's good to check the list of backwards compatible games to see if your game is on there. But it could be a reason to migrate to the Switch 2.
compatibility list can be found here:
https://www.nintendo.com/us/gaming-systems/switch-2/transfer-guide/compatible-games/