Valve Steam Deck 2 is a much-awaited release since Steam Deck first hit the market in February 2022 and has since taken the handheld PC community by storm. Rumors of a Steam Deck 2 have been floating around, with frequent confirmation of it finally happening.Steam Deck@OnDeckHi all, don't forget to register for the Steam Deck giveaway during tomorrow's @thegameawards, where we're giving a 512GB Steam Deck away every minute to folks watching the show at steam.tv.Sign up here, and see you tomorrow!store.steampowered.com/sale/thegameaw…4546742Hi all, don't forget to register for the Steam Deck giveaway during tomorrow's @thegameawards, where we're giving a 512GB Steam Deck away every minute to folks watching the show at steam.tv.Sign up here, and see you tomorrow!store.steampowered.com/sale/thegameaw… https://t.co/aniyPWRgYMValve's CEO and co-founder Gabe Newell confirmed Steam Deck 2 is in the works in early 2022. The company has since been looking for ways to bring up the performance and specs of the successful 1st gen handle-held PC to a multigenerational series. However, the handheld gaming PC with all the work on the board might not see an early release this year.Expected performance and specs of the Steam Deck 2 and moreUntil we have further news from Valve, it will be difficult to predict the performance of DECK 2. The classic Steam Deck ran on an AMD APU with a power output of 4-15W. Zen 2 CPU coupled with the capable RDNA 2 GPU provides enough power to run big names like Elden Ring, RDR 2, etc.The Steam Deck 2 should at least be consistent, if not improve upon the base model with RDNA 3 paired with Zen 3 or higher. With AYANEO Next II going for a discrete GPU, Valve could also decide to up the game, but there are no such rumors.Expected upgradesWhen it comes to improving on the existing Steam Deck, it has been made very clear as to Valve's intentions with the upgrades. Their primary focus, for now, seems to be on improving the display and battery life of the hand-held console.Naturally, OLED screens are in their crosshairs, and Valve will look forward to implementing them in the 2nd gen decks and a larger battery. We may find bigger, higher-contrast displays designed to consume as little power as possible shortly.Valve@valvesoftwareFor more regular Steam Deck updates and news, follow the official account at @OnDeck twitter.com/OnDeck/status/…Steam Deck@OnDeckAs part of the Steam Deck launch, we've updated Steam with a "Great On Deck" page, added Steam Deck verification status on game store pages, and launched a site to check your own library for Deck compatibility: store.steampowered.com/news/app/16751…65351As part of the Steam Deck launch, we've updated Steam with a "Great On Deck" page, added Steam Deck verification status on game store pages, and launched a site to check your own library for Deck compatibility: store.steampowered.com/news/app/16751… https://t.co/zvaJXDIYggFor more regular Steam Deck updates and news, follow the official account at @OnDeck twitter.com/OnDeck/status/…PricingThe Steam Deck hit the markets at very aggressive pricing from Valve in the hopes of gaining buyers and making back the subsidized rates with newer releases. Valve managed to achieve the same, given Steam Deck's performance crossed that of AYANEO's by a lot and at nearly half the price.Thus, with increased prices of components, Steam Deck 2 may come in at higher prices. Valve may also decide to revamp their 1st gen release and put it out at slightly higher prices to keep the competitive pricing on the Steam Deck 2.Rumors and leaksThere haven't been any significant leaks regarding Steam Deck 2. However, there is little speculation about the direction the company might take with its next-gen release.In a recent interview, Valve mentioned their intentions to upgrade their display to OLED technology. Their current IPS LCD stays in line with cost-effectiveness, but the company is looking to upgrade the same. We may soon see high-end displays with variable refresh rates with the Deck 2 release.Steam Deck@OnDeckAs we reach the end of the year, let's take a quick look at the top 20 games of December on Steam Deck, sorted by playtime. Happy New Year! What have you been playing?5715442As we reach the end of the year, let's take a quick look at the top 20 games of December on Steam Deck, sorted by playtime. Happy New Year! What have you been playing? https://t.co/5GmNlGtnOkApart from the need for a bigger battery, Valve is also looking for ways to optimize its internal architecture, which seems to be a little cluttered for their tastes. Additionally, Valve is also looking to address the issue with the audio lag in wireless earphone connections.Valve is looking to work with third-party hardware companies and is awaiting AMD's new hardware to collaborate with. Going by the slow release rates of the PC market, it can be assumed that we might get to see Steam Deck 2 sometime later in 2023. There might be a few upgraded releases of the classic version from Valve, as seen with the Nintendo Switch handheld gaming PCs.