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

Nintendo has issued an unusual statement denying a report that said the upcoming OLED version of the Switch would have higher profit margins than the regular model. The report in question has been published by Bloomberg last week and speculated that the more expensive components in the OLED switch could total around $10 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,” Nintendo said. statement is reading. “To ensure proper understanding among our investors and customers, we would like to clarify that the claim is false.” Nintendo has not provided any information on the profit margins of either Switch consoles.

The OLED switch costs $349.99, $50 more than the standard model. Aside from the 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 quoted by Bloomberg were correct, it would mean Nintendo could earn up to $40 more from each model sold, but the company now says that’s not the case.

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