About a month ago, it was revealed by Takashi Mochizuki — tech reporter at The Wall Street Journal — that
Nintendo was working on two revisions for the Nintendo Switch; a low-budget version of the console, and a slightly more powerful, or enhanced, console.
Nintendo has yet to officially reveal any of the claimed new revisions, but keeping in mind Nintendo's history with their consoles, especially handheld consoles, it is safe to assume that this was going to be the case, at some point, any way.
The latest rumour regarding the low-budget revision of the Nintendo Switch seems to point to Nintendo wanting to release this brand-new console by the end of June,
according to an article on Bloomberg — which claims that their sources mentioned the new device's launch date, as well as revealing that Nintendo will also give the Switch a "modest upgrade".
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Growth in the current period will get a boost from the launch of a new, cheaper version of the Switch, according to two people familiar with the matter who requested anonymity to discuss private plans. The new device will likely be launched by the end of June, according to one of the people. The existing Switch will receive a modest upgrade this year, though a more powerful version is not in the works, the people said.
Nintendo has yet to acknowledge the new hardware, but will likely include it in its guidance, leading to a lot of guesswork and reverse-engineering of the figures, analysts said."
If we were to trust Bloomberg's sources, Nintendo is mainly focusing on releasing the new low-budget revision first, and then offer a slightly enhanced Nintendo Switch version later on. Nintendo has done things like this in the past by slightly upgrading their consoles(handheld consoles in particular) by slightly redesigning them and adding a bit of extra power that is usually not worth paying if you already own the previous model.
Whatever the case, and if the rumour is to be believed, it really seems that Nintendo wants to push a budget Nintendo Switch in order to improve their sales, which is actually a smart move considering that they still need to cater to the Nintendo 3DS demographic that are likely waiting for the Switch's price to drop before they get one.