For over a year, rumors have swirled that Nintendo is planning to release an upgraded "Pro" model of the Nintendo Switch, but in the company's latest financial results briefing, Nintendo president Shuntaro Furukawa shot down reports suggesting that Nintendo will release a new hardware revision in 2020.

　　"Regarding Nintendo Switch, we believe that it is important to continue to communicate the appeal of both Nintendo Switch systems and expand the installed base. Please note that we have no plans to launch a new Nintendo Switch model during 2020," Furukawa said, meaning that a Pro model of Switch is not being planned for release this year.

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　　Now Playing: Biggest Nintendo Switch Exclusives Of 2020 So Far

　　The Switch Lite released in 2019, and Furukawa suggested that the benefits of the system were not communicated as clearly as they could be. For now, it sounds like Nintendo is planning on sticking with the two available models.

　　Furukawa also suggested that the system is entering the middle of its life cycle, and while the impending launches of new consoles will change the landscape somewhat, Nintendo has different "lifestyle and customer" targets. The company will be looking to extend the Switch's life cycle beyond what they have previously achieved. Nintendo previously indicated it intends the Switch's lifecycle to extend beyond the traditional five to six-year window.

　　FY2020 - how think about, given PS5/xCloud/5G devices?threats?

　　* Position - yes environment change, new devices

　　* Lifecycle and customer targets are different

　　* What is important - can we maintain momentum for Switch?

　　P1

　　— David Gibson (@gibbogame) January 31, 2020

　　P2

　　* For software - continue to launch, extend the lifecycle

　　* in 4th year, think its the beginning of the mid stage of the cycle for Switch

　　— David Gibson (@gibbogame) January 31, 2020

　　With the Switch aiming for a long life cycle, it's possible that we will see further revisions down the track. There is a precedent for this as the Nintendo DSi iterated on the success of the Nintendo DS and made the system slightly more powerful, back in 2009.

　　The Nintendo Switch is gearing up for a huge 2020-- here are our most anticipated games for the year.

　　This story has been updated.