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

Nintendo has issued an unusual statement denying a report saying that the upcoming OLED version of the Switch would have a higher profit margin than the regular model. The report in question was published by Bloomberg last week, speculating that the advanced components of the OLED switch could be around $ 10 extra per unit, based on analyst estimates.

“A news report on July 15, 2021 (JST) claimed that the profit margin of the Nintendo Switch (OLED model) would increase compared to the Nintendo Switch,” it said in a statement from Nintendo. “To ensure proper understanding among our investors and customers, we want to make it clear that the requirement is wrong.”

; Nintendo did not provide any information on the profit margin of any of the switch consoles.

The OLED switch costs $ 349.99, $ 50 more than the standard model. Apart from the 7-inch 720p OLED screen, it also doubles the internal storage space to 64 GB, adds an Ethernet port to the dock, and includes a more flexible kickstand. If the estimates quoted by Bloomberg were accurate, it would mean that Nintendo could earn up to $ 40 more on each model sold, but the company now says this is not the case.

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

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