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.
A report from July 15, 2021 (JST) claimed that the revenue margin of the Nintendo Swap (OLED mannequin) would enhance in comparison with the Nintendo Swap. With the intention to guarantee understanding between our buyers and our shoppers, we wish to level out that the assertion is wrong. (1/2)
– IR） (@NintendoCoLtd) July 19, 2021
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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