Rumor: Nintendo developing new handheld code-named MH [Update 2]

New handheld appears in financial report.

Monster Hunter

In addition to its new console code-named NX, which is scheduled to launch worldwide in March, Nintendo is developing a new handheld console code-named MH, according to a report on investor news site Trader’s Web.

Further information was not shared. The “MH” handheld itself is mentioned in a Nintendo Mitsubishi UFJ Morgan Stanley financial report.

(This article has no relation to Monster Hunter. We’re just using a Monster Hunter image since the console is reportedly code-named “MH.”)

Thanks, Games Talk.

Update 7:08 a.m.: Dr. Serkan Toto, CEO of Tokyo-based game industry consultancy Kantan Games, offers the following on the report: “That Morgan Stanley Japan note on Nintendo does NOT mean a portable console or the name ‘MH’ is confirmed. They are picturing a scenario. Such ‘rich’ forward-looking analysis and also the wording is standard in investor notes. I know because I read *tons* of them.”

Update 1:30 p.m.: Dr. Serkan Toto has offered more clarification on the report: “Final tweet(s) about that Morgan Stanley Japan note on Nintendo: I just received and read it. As I said, they were picturing a scenario. Financial institutions do this kind of future-oriented analysis all the time. The note is much longer than what was released online. The analyst clearly says they are just projecting. They use ‘MH’ as a codename to make the report more readable. It’s arbitrary. In the note, they compare future/theoretical sales of the ‘MH’ with that of the 3DS, so I guess the short name makes sense.”

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