NINTENDO CO LTD ADR (NTDOY), Microsoft Company (NASDAQ: MSFT) – Nintendo Says Claims That Swap OLED Mannequin Has Larger Revenue Margin Than Regular Mannequin Are “Incorrect”

Japanese online game firm Nintendo Co (OTC: NTDOY) on Monday denied studies that the revenue margins of the brand new Swap OLED mannequin are greater than these of the present model, which prices round $ 50 much less.

What occurred: Nintendo stated in a tweet that the lately introduced Nintendo Swap (OLED mannequin) will launch in October and that the corporate has no plans to launch another fashions at the moment.

See additionally: Netflix is ​​simply the most recent FAANG inventory to focus on online game improvement: Morgan Stanley

Why is that this vital: Analyst studies had estimated that upgrades to the brand new change would value round $ 10 extra per unit to supply, in response to a Bloomberg report – implying that the corporate might make greater income after pricing the brand new mannequin at $ 350.

Nintendo is relying on the brand new Swap to maintain gross sales momentum going after the pandemic-fueled gaming growth. Rivals Microsoft Corp (NASDAQ: MSFT) and Sony Group Corp (NYSE: SONY) launched new consoles for PlayStation 5 and Xbox Sequence X and Sequence S final 12 months.

Worth motion: NTDOY shares closed 0.84% ​​decrease at $ 70.55 on Friday.

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