And confirms a new Switch model isn't planned.
Nintendo has denied a Bloomberg report that suggests the company is benefitting from increased profit margins on the recently announced Switch OLED Edition.
Bloomberg reports that the OLED Edition costs around $10 USD more to produce than the current Switch model, which translates to additional profit for Nintendo. The Switch OLED Editionhas a jacked-up, recommended retail price of $539.95 AUD as compared to the Switch’s $469.95 AUD.
In turn, Nintendo has released a statement on Twitter which rebukes the report.
“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,” the tweet reads. “To ensure correct understanding among our investors and customers, we want to make clear that the claim is incorrect.”
A follow up tweet confirmed that the company has no plans to launch additional Switch models, including a rumoured 4K-capable one.
“We also want to clarify that we just announced that Nintendo Switch(OLED Model) will launch in October, 2021, and have no plans for launching any other model at this time,” the follow up reads.
The Nintendo Switch OLED Edition is available from 8 October.
This article may contain affiliate links, meaning we could earn a small commission if you click-through and make a purchase. Stevivor is an independent outlet and our journalism is in no way influenced by any advertiser or commercial initiative.
