Nintendo denies report that OLED Switch will have higher profit margin

Nintendo denies report that OLED Switch will have higher profit margin


Image: Nintendo

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…

Continue reading…

Source:

This post was originally created on this site & curated for Mamizi members