Nintendo 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, which increases demand for the hit device through the year-end shopping season.

The media report states that the company is preparing an improved version of it The switch. Nintendo’s The shares were trading down 4 percent on Friday morning, a day after the company advanced its switch sales forecast for the year to March to 19.5 million units – a number seen as conservative by many analysts.

To recall, the Japanese gaming giant on Thursday reported a jump in sales and profit for nine months to December, upgrading its full-year profit forecast on strong demand for its popular Switch console.

Net profit for April-December was up 16.4 percent to 196.4 billion ($ 1.8 billion) from a year earlier, with sales of JPY 1.0 trillion for a 2.5 percent period.

Kyoto based firm Revised its full year forecastsNow, JPY is forecasting a net profit of JPY 210 billion for the fiscal year from March, compared to its earlier estimate of 180 billion. But this left its annual sales forecast at JPY 1.25 trillion unchanged.

Sales of both its regular Switch platform and Switch Lite – a smaller, cheaper version – have continued to grow, with powerful titles including the Pokémon series, though analysts weigh the potential impact of the new coronovirus outbreak on production in China.

“The Nintendo Switch Lite was launched in September and the Nintendo Switch performed well without losing momentum, resulting in significant sales growth for the entire Nintendo Switch family,” the company said in a statement.