Nintendo denies report that OLED Switch will have 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 was published by Bloomberg last week and speculated that the higher-end components in the OLED Switch could total around an extra $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’s statement reads. “To ensure correct understanding among our investors and customers, we want to make clear that the claim is incorrect.” Nintendo didn’t provide any information about the profit margins of either Switch console.
The OLED Switch costs $349.99, $50 more than the standard model. Aside from the 7-inch 720p OLED screen, it also doubles the internal storage to 64GB, adds an ethernet port to the dock, and includes a more flexible kickstand. If the estimates cited by Bloomberg were accurate, it’d mean that Nintendo could be making up to $40 more on each model sold, but the company now says this isn’t the case.
Nintendo also said in its statement that it has “no plans for launching any other model at this time.” Bloomberg had previously reported that a new version of the Switch would come not only with an OLED screen, but more powerful internals and the ability to output 4K resolution by making use of Nvidia’s DLSS technology.
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 was published by Bloomberg last week and speculated that the higher-end components in the OLED Switch could total around…
Recent Posts
- Google is giving Android users hands-free navigation and a way to talk with emojis
- Quordle today – hints and answers for Friday, May 17 (game #844)
- NYT Strands today — hints, answers and spangram for Friday, May 17 (game #75)
- iMessage is having some issues today
- Google’s Gemini AI plan for schools promises extra data protection and privacy
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011