I was searching gaming news on Google when I came upon an article which suggests a cheaper Switch model could be launched by June this year. The article [link here] goes on to suggested the current Switch would be "upgraded" later in the year.
If this is true, I personally think it would be fantastic. I know a lot of people who would love to buy a Switch, but they just can't afford it. Apparently the cheaper model would remove things like the vibration feature as "there wouldn't be many games released using the full benefit of it", according to one of the Wall Street Journal's sources.
I'd like to point out that the sources are unnamed, and Nintendo declined to comment on the story. So we have no idea if the claims are valid or not. The sources pointed to an announcement in June, at E3, with the retail release to follow. For now, we just have to wait and see.