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Nintendo reveals that it has no plans to release another model right away

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Nintendo issued a statement contradicting a report that the next 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 OLED switch’s more sophisticated components could total about $10 extra per unit, based on analyst estimates.

“A July 15, 2021 (JST) report stated that the profit margin of the Nintendo Switch (OLED model) would increase compared to the Nintendo Switch,” says the Nintendo statement.

“To ensure the right understanding between our investors and customers, we want to make it clear that the statement is incorrect, Nintendo has not provided any information about the profit margins of any of the Switch consoles.

Nintendo reveals that it has no plans to release another

It is unusual to see Nintendo directly commenting on rumors, but after Bloomberg presented its unofficial information, Nintendo decided to officially react to the profit margin issue.

For Nintendo lovers, the Switch OLED model is available for booking for 349 euros, 20 euros more than the original model, while the Lite model is available for 219 euros.

Nintendo also said in its statement that it “has no plans to release any other models at the moment”.

Bloomberg had previously reported that a new version of the Switch would come not only with an OLED screen, but also with more powerful internal components and the ability to produce 4K resolution using Nvidia’s DLSS technology.

The emergence of the coronavirus pandemic has reconfigured expectations across the gaming industry, companies like Nintendo, Sony Group Corp. and Microsoft Corp. all are struggling to satisfy the uncontrolled requests of players looking for entertainment.

The prices of existing consoles only went up with the release of more powerful editions, such as the PlayStation 4 Pro and Xbox One X. Nintendo’s updated model doesn’t bring these performance improvements.

Source: Bloomberg

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