Nintendo President Shuntaro Furukawa speaks at a news conference in Tokyo, Japan January 31, 2020. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) – Nintendo Co Ltd CEO Shuntaro Furukawa said the gaming company has no plans to launch a new Switch model this year.
Nintendo launched a handheld-only version of its hit console in September, driving demand for the hit device through the year-end shopping season.
There have been media reports the company is preparing an upgraded version of the Switch.
Nintendo’s shares were trading down 4% on Friday morning, a day after the company upgraded its Switch sales forecast for the year ending March to 19.5 million units – a number seen as conservative by many analysts.
Reporting by Sam Nussey; Editing by Muralikumar Anantharaman