It's nearly a guarantee that Nintendo will look to announce these at E3, with a release planned for alter in the year. This potential Switch model may cost the costs by stripping away several features, such as HD Rumble.
On the flip side, nothing much is known regarding the other version which will be priced much higher than the current Switch console.
The new models may be launched at the E3 2019 video game expo in Los Angeles in June, with a wider release possible months later, the Journal said, citing one person familiar with the plans. We'll probably have to wait 'til E3 for anything substantial, but I think it's safe to say that some sort of new Switch model is imminent. The company's original Nintendo Switch has been a huge success so far, and it wants to continue that trend later this year with two new versions of the device. Those who have used the new Switches say they include numerous feature changes.
To reduce costs for the cheaper model, Nintendo will reportedly remove the vibration functionality from its Joy-Con controllers, largely because there aren't many games being released that make full use of the technology. The Switch is now powered by Nvidia's four-year-old Tegra X1 processor, so there is definitely room for improvement there. The "budget" model, which is apparently going to be a portable only model, will sport a sturdier design to be kid-proof, and position it on the market as a successor to the 3DS.
Every console in recent memory has been subjected to multiple redesigns and refreshes, so it was only a matter of time before Nintendo made a decision to give the Switch a rework.