January 31, 2020 / 2:15 AM / 22 days ago

Nintendo CEO says no plans to launch new Switch model in 2020

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

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