Nintendo will not be phasing out the Switch and replacing it with the Switch Lite. In an interview with CNET, Nintendo's Doug Bowser says the plan for the two versions of the system is to have them live together on shelves.
"We believe the two systems will complement each other and coexist in the market."
The Switch Lite changes up a number of things from the original Switch, locking the Joy-Cons to the system, adding in a d-pad, removing HD Rumble, and more. Is there anything else going on under the hood? According to CNET's article, the Switch Lite "uses a more efficient processor that enables smaller heat vents on top of the system."