According to the report from The Wall Street Journal, one model will be slightly more powerful than the current Switch model, and be aimed at avid video game players.
The other model will be a cheaper version and be aimed at casual players and young children, this according to parts suppliers and developers.
The new models could start rolling out as early as this summer. This being a rumor though, nothing is set in stone quite yet.
Check back to Nintendo Nation for more updates as this story develops.