What is the difference between all the Nintendo Switch versions?

Different models of the Nintendo Switch are seen on display at a GameStop in Manhattan, New York. — Reuters

The Nintendo Switch may not have has confusing variations as the XBox X/S or the Playstation 5, but it's still enough to leave casual consumers scratching their heads. Luckily, you don't need to have a thorough understanding of gaming or game systems to still make the best choice.

Switch V1 vs V2