Nintendo Denies New Switch Model Will Yield Higher Profit Margin
- Analysts had estimated profit margins for new model will grow
- Nintendo says it has no plans to launch any other models
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Nintendo Co. denied that profit margins on its new Switch model will increase when compared with the current version, which costs $50 less.
The Kyoto-based video gaming giant said claims that its profit margin from the new device will increase compared with the original Switch are “incorrect,” according to a statement on its Twitter account. The company also added that it has no plans to launch any other model, apart from the one featuring a 7-inch OLED screen scheduled to be released in October.