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Rumor: Nintendo is working on new hardware, code-named MH

We’ve known for some time now that Nintendo is hard at work on the NX, the successor to the Wii U and the company’s next attempt to regain control of the console market. Now, a new report is making claims that the Japanese giant has another major hardware project in development.

Nintendo is apparently working on a new handheld, according to a report from IGN that references an article by Yahoo Finance Japan. The system is referred to as a “next-gen handheld game device” and is apparently being developed under the code name MH.

It’s not all that surprising to hear that Nintendo is working on a new portable, given that the company has been successful in this sector since the release of the original Game Boy in 1989. However, this is the first time that we’ve heard the MH code name — and the working title is already inspiring plenty of speculation.

Related: Here is every rumor we’ve heard about the Nintendo NX

Many of the Nintendo faithful are already taking stabs at what MH could possibly stand for. Mobile Handheld seems like a realistic guess, albeit one that only serves to parrot the meager amount of information we already know about the project.

It is certainly interesting to see that the MH follows the two-letter code-naming convention that started with the NX. There has long been speculation that Nintendo’s next home console will have major ties to an accompanying handheld, and this news seems poised to back up those theories — although the similarity between the names could simply be a quirk of the company’s hardware division.

Nintendo has plenty of exciting projects on the go, but we’ll have to wait a little bit longer for the company to play its hand. We already know that the NX won’t be making an appearance at E3 next month, and it seems more than likely that the same will apply to the mysterious MH.