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by Cpoll 472 days ago
Sometimes it's not an "emulator" in the typical sense. Some of these are hardware reproductions (see: Palmer Luckey's ModRetro Chromatic).

Others do hardware emulation using FPGAs (see Analogue Pocket).

Even a lot of the emulator-based hardware include a physical cartridge slot. They read the data off the cartridge and then run it on an emulator.