

For me, its not the console price thats the problem. £395.99 in the UK but if we consider inflation, the switch 1 would be around £360-365 today. An extra £30ish for a bigger screen and more power is not too unreasonable. Plus ending in 95.99 rather than 99.99 suggests Nintendo have tried to trim the headline price down.
The real problem is the accessories and games. £75 for new pro controller, £50 for new microSD Express (only ones compatible) £50 for webcam and £67-75 for physical games, £59-£67 for digital.
Ouch.
Chinese tech (hardware) is already better than most US (chips aside). The no. 1 smartphone camera ranking on Dxomark for the last 5 years has been owned by Chinese brands, who also dominate all top 10 places for battery scores. The reason Chinese cars have blown up locally in china isn’t just lower prices, younger Chinese seek better tech and connectivity than VW or Audi can offer.
Huawei invested more in R&D last year than either Samsung or Intel. Software is their next target. HarmonyOS NEXT is now completely decoupled from Android and can power everything from watches to cars. I’d say US still has a 5-year lead in Chips/Software but after that my moneys on the East.