According to Kotaku, Nintendo will be launching a new lite version of the Switch in September, which will cost $199.99, be smaller, and handheld only.
https://kotaku.com/the-nintendo-switch-lite-will-be-released-on-september-1836239070
Edit: here is the actual reveal:
Honestly I’d be tempted. I almost exclusively use mine in handheld mode. It looks quite nice imo.
The existing Switch model looks to be getting a refresh, with the new more efficient Tegra CPU and improved storage.
https://www.theverge.com/circuitbreaker/2019/7/10/20689379/nintendo-switch-update-fcc-change-cpu-nvidia-tegra-soc-nand