They were supposedly able to take a loss on the original Steam Decks, at least the lower priced 64GB models.

They. Did. Not.

The only thing remotely suggesting that is GabeN saying the price point was “painful” in a single interview.

Valve has stated that the Steam Decl wasn’t sold at a loss. GabeN was likely referring to the profit margins being very low, which is not the same as selling at a loss