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Nintendo has made the unusual step of denying a report that it’s drawing more profits from its new OLED Switch model. Last week, each of these reports from Bloomberg citing industry consultants claimed that the new model only cost Nintendo about $10 more per unit to produce, while the $350 rate is $50 more than the previous simulate.

“A news report on July 15, 2021( JST) claimed that the profit margin of the Nintendo Switch( OLED Model) would rise in comparison with the Nintendo Switch. To ensure correct understanding between our investors and patrons, we want to make clear that the claim is incorrect, ” the company said in a tweet.

A news report on July 15, 2021( JST) claimed that the profit margin of the Nintendo Switch( OLED Model) would rise compared to the Nintendo Switch. To ensure correct understanding between our investors and clients, we want to make clear that the claim is incorrect.( 1/2)

— Ren Tian Tang Zhu Shi Hui She( Qi Ye Guang Bao IR) (@ NintendoCoLtd) July 19, 2021

Nintendo doesn’t often respond to rumors, so it’s illustrious that it has refuted this one. However, the report involves potential benefits and Nintendo precisely mentions “investors, ” so it may have wanted to head this one off for fiduciary rationales. If Bloomberg’s report was accurate, Nintendo would be concluding $40 more per Switch, a fairly remarkable lift. The OLED Switch ousts the LED display on the original Switch with a 7-inch 720 p OLED screen and redoubles the storage to 64 GB, while supplementing an ethernet port and improved kickstand.

Multiple reports too pointed to the possibility of Nintendo launching another console, the Switch Pro, with higher-end components and NVIDIA’s DLSS technology. Nonetheless, Nintendo also shooting down of that rumor. “We likewise want to clarify that we just has declared that Nintendo Switch( OLED Model) will launch in October, 2021, and have no plans for launching any other model at this time, ” Nintendo lent in a follow-up tweet.

Read more: engadget.com

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