After months of speculation and anticipation, Nintendo has finally revealed the price and release date of the Nintendo Switch. The console will be launched worldwide on March 3 and it will be available in the U.S. for $299.99.

It will launch alongside a collection of mini-games called "1-2 Switch", which will show off some of the Switch controller's unique features. The console will also not have any region locking software, meaning gamers can play games from any region regardless of where they purchase their console. This price tag puts it right under the Xbox One and PS4 - its two main rivals.

The Switch is a pretty unique gadget because it is part console, part tablet and part portable tabletop gaming system. Per CNET, the Switch is perhaps the most "novel piece of hardware to come from Nintendo in years." It can be used both as a home console and a portable gaming device.

Despite its size, the console is no pushover in the visuals department. According to an earlier report from gaming site Eurogamer, the console can deliver twice the graphical processing power while it is placed in its dock, meaning there is a good reason for gamers to play it on their TVs at home. The portable screen is capable of displaying 720p resolution, whereas it can go up to 1080p when docked.

As reported by The Verge, the console will be charged over USB-C which makes it the very first device from Nintendo that is capable of being charged over a standard connector. This announcement is actually a pretty big deal for the video game giant as it has been notoriously stubborn on insisting on the use of its own proprietary charging ports ever since the company decided to add rechargeable batteries to its line of portable consoles, starting with the Game Boy Advance SP.

The Nintendo Switch was first unveiled in October of last year through a teaser video, back when it was still codenamed NX. Some of the games that have been officially announced for the Switch include "The Legend of Zelda: Breath of the Wild", "ARMS", and "Ultra Street Fighter 2: The Final Challengers."