Nintendo just launched a less expensive, smaller version of the wildly popular Nintendo Switch — take a look (NTDOY)

Nintendo just launched a new version of its wildly popular Nintendo Switch console, and it's just $200 — a $100 price reduction from the existing Switch.

The new version of the Switch, which Nintendo calls the Nintendo Switch Lite, is a dedicated portable console.

That means it can't be connected to a TV, like the current Switch, and its controllers cannot be detached. But what it loses in versatility it makes up for in portability.

Here's a closer look:

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