According Yahoo Japan, Nintendo is working on a new handheld code name MH.

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Dr.Vita

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Dr.Vita on 24 May 2016

1) That Morgan Stanley Japan note on Nintendo does NOT mean a portable console or the name "MH" is confirmed. They are picturing a scenario.
— Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) May 24, 2016

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