Nintendo’s statement denies reports that the OLED Switch has higher profit margins

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Last week Bloomberg published a report claiming that the OLED Switch could total around an extra $10 per unit based on the fact that it uses high-end components according to what analysts had estimated. This report received a big deny from Nintendo claiming that the report is incorrect and they have no intention of launching any other model of Nintendo switch at this time. 

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

There was also another report that also claimed the same increase in profit margin which Nintendo has also denied by issuing its statement. Nintendo’s statement which was posted on Twitter claims that all reports saying the profit margin will increase are incorrect.

This is what Nintendo said exactly in the statement “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 Nintendo Switch is one of the most successful handheld devices which makes this upgrade to an OLED screen very much welcome. Its user has been waiting for an OLED version for a long time and now it is finally coming. The Nintendo switch OLED costs $349.99, which is $50 more than the original model. It also doubles the internal storage and provides an ethernet port to go with. If you ask me the extra $50 is very well worth it.

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