It seems likely that the Nintendo Switch 2 will be released next year, which could make Nintendo's console a new weapon against the PS5 and Xbox Series X, which will be released this fall.

This is according to Bloomberg's Takashi Mochizuki, who reports that Nintendo plans to launch an upgraded Nintendo Switch in 2021, possibly with better specs and even 4K graphics output.

Rumors of a new Switch launch in 2021 began making the rounds earlier this week thanks to a supply chain report from Taipei. But now we have a slightly clearer idea of the performance we should expect from Nintendo's upcoming hybrid console.

According to Bloomberg, Nintendo is planning big new game releases from both first and third parties to coincide with this rumored 4K Switch According to Bloomberg, The company is planning major new game releases from both first- and third-party developers to accompany the rumored 4K Switch. Perhaps that's why the rest of the Switch looks relatively quiet for 2020, aside from the re-release of Pikmin 3, Bravely Default II, and the rumored Classic Mario game collection.

The Switch has sold over 62 million units worldwide and is flying off the shelves as people seek entertainment in the midst of a pandemic, but it's hard to blame Nintendo for preparing more powerful models: the PS5 and Xbox Series X are due out this fall, and both tout advanced features such as instant game loading, 8K resolution support, and dynamic ray tracing, making gaming more immersive than ever.

The new Nintendo Switch will not compete with these consoles in terms of sheer power, but it will at least offer a higher-end experience and could support high-profile third-party games like "Cyberpunk 2077" and "Assassin's Creed Valhalla" The potential is there. The Switch is currently limited to 1080p output in TV mode and 720p in handheld mode, so a jump to 4K would provide a more immersive experience with the latest Mario and Zelda games.

Also, if the new Switch stays close to its original asking price of $300, whereas the PS5 and Xbox Series X are said to be around $400 to $500, it could be the ultimate next-generation console.

The next Nintendo Direct presentation will take place as early as August 28, VGC reported. That showcase will likely focus on new software releases, but there could also be the first unveiling of this rumored Switch upgrade - especially with new consoles from Sony and Microsoft on the way.