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.
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. To ensure correct understanding among our investors and customers, we want to make clear that the claim is incorrect. (1/2)
— 任天堂株式会社（企業広報・IR） (@NintendoCoLtd) July 19, 2021
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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.