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Last week, you may have seen articles posted all across the internet claiming that Nintendo was about to make a killing on the new OLED model of the Nintendo Switch. According to these reports, the OLED version cost a mere $10 more to produce, but costs an additional $50 for consumers.

Like almost every Nintendo report this year, apparently this one isn’t quite true, either. Usually with these types of reports, Nintendo remains quiet, however, in this case, they felt the need to set the record straight with their investors and customers.

Nintendo didn’t outright confirm the actual cost of the new hardware in comparison to the standard Switch, but it’s clear they weren’t too happy with all of the reporting circulating over the weekend. Assuming Nintendo’s statement is factual, leaks from “Trusted Industry Insiders” are becoming less and less reliable by the day.

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Written by Jason Ganos

Nintendo super fan since birth, Jason is the creator of Amiibo News and editor-in-chief at Nintendo Wire. One of his life goals is to provide the latest Nintendo news to fellow gamers with his natural know-how.