Nintendo denies report that OLED Switch will have a higher profit margin

Nintendo released an unusual statement denying a report that the next OLED version of the Switch will have higher profit margins than the standard model. The report in question was released by Bloomberg last week and speculated that the high-end components of the OLED switch could add up to around an additional $ 10 per unit, according to analysts’ estimates.

“A report from July 15, 2021 (JST) claimed that the profit margin of the Nintendo Switch (OLED model) would increase compared to the Nintendo Switch,” Nintendo said. declaration bed. “To ensure a good understanding among our investors and clients, we want to make it clear that the statement is incorrect.” Nintendo did not provide any information on the profit margins of either Switch console.

The OLED switch costs $ 349.99, which is $ 50 more than the standard model. Along with the 7-inch 720p OLED display, it also doubles the internal storage to 64GB, adds an Ethernet port to the docking station, and includes a more flexible kickstand. If the estimates cited by Bloomberg were correct, that would mean Nintendo could earn up to $ 40 more on each model sold, but the company now says that’s not the case.

Nintendo also said in its statement that it “has no plans to launch another model at this time.” Bloomberg previously reported that a new version of the Switch would not only come with an OLED display, but more powerful internals and the ability to output 4K resolution using Nvidia’s DLSS technology.