January 31, 2020 / 1:58 AM / 20 days ago

REFILE-UPDATE 1-Nintendo CEO says no plans to launch new Switch model in 2020

(Corrects to remove extraneous word from headline tag)

* Nintendo launched handheld-only Switch Lite in September

* Nintendo upgraded Switch full year sales forecast on Thursday

By Sam Nussey

TOKYO, Jan 31 (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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