Nintendo denies the announcement that OLED Switch would have a higher profit margin

Nintendo has issued an unusual statement disputing the report that the upcoming OLED version of the Switch would have higher profit margins than the standard model. That report was published by Bloomberg last week and speculated that the higher-level components of the OLED switch could total around $ 10 per additional unit, according to analyst estimates.

“A news report on July 15, 2021 (JST) claimed that the profit margin of the Nintendo Switch (OLED model) is increasing compared to the Nintendo Switch,” Nintendo opinion reads. “To ensure the right understanding for our investors and customers, we want to make it clear that the requirement is incorrect.” Nintendo did not provide data on the profit margins of either Switch console.

The OLED switch costs $ 349.99, $ 50 more than the regular model. In addition to a 7-inch 720p OLED display, it also doubles the internal storage to 64GB, adds an Ethernet port to the dock and includes a more flexible stand. If the estimates mentioned by Bloomberg were accurate, it would mean that Nintendo could earn up to $ 40 more for each model sold, but the company now says that is not the case.

Nintendo said in a statement that it has “no plans to launch any other model at this time.” Bloomberg had previously reported that the new version of the Switch features not only an OLED display, but also more powerful internal components and the ability to produce 4K resolution using Nvidia’s DLSS technology.

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