Although the Xbox Series S could be quite tempting over a standard Switch with the fee for one being equal in the US at $299, £10 less in the UK, and $30 more in Australia. A similar cost of entry for the Xbox Series X, when compared to the Switch, is needed with a $200 / £190 / AU$280 difference in price. Gaming isn't a cheap hobby at the end of the day. That difference is reduced to $100 / £130 / AU$130 if you sacrifice a disc drive but still is quite a bit higher. That cost of entry is significantly higher with a $200 / £220 / AU$280 difference in price from purchasing a standard Switch to a standard PS5.
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