Gaming giant, Nintendo says the new OLED Switch won’t have higher profit margins
The global gaming giant denied a report which suggested the new Nintendo OLED Switch was cheaper to make, overall.
Bloomberg claimed that the higher-end components in the OLED Switch could total around an extra $10 per unit, based on analyst estimates.
“To ensure correct understanding among our investors and customers, we want to make clear that the claim is incorrect.”
Nintendo didn’t provide any information about the profit margins of either Switch console
Nintendo’s new OLED Switch costs $350 USD – $50 more than the standard model.
Some of the features on the new console include a 7-inch 720p OLED screen, doubled internal storage of 64GB, and a more flexible kickstand.
If the estimates cited by Bloomberg were to be correct it would mean that the gaming giant could be making up to $40 more on each model sold, but the company now says this isn’t the case.
Nintendo concluded its statement to state that it has “no plans for launching any other model at this time.”
Twitter Files: Jack Dorsey urges Elon Musk to ‘release everything without filter’
The fallout continues as Elon Musk keeps pursuing transparency
Ex-Twitter boss Jack Dorsey is calling on the new CEO Elon Musk to make all the ‘Twitter files’ public.
The move comes after the company’s former deputy general counsel James Baker was fired for his role in suppressing the Hunter Biden laptop story.
Baker is accused of being part of a ‘deep state’ at the social media platform and sabotaging or obstructing the recent efforts by Musk in releasing information to the public.
Twitter’s former deputy general counsel James Baker is also former counsel to FBI director James Comey.
The situation allegedly came to Musk’s attention on Tuesday after revelations that Baker was delaying the release of files showing government collusion with Twitter to journalists Matt Taibbi and Bari Weiss.
In a Tuesday thread Taibbi wrote, “On Friday, the first installment of the Twitter files was published here. We expected to publish more over the weekend. Many wondered why there was a delay.”
“We can now tell you part of the reason why. On Tuesday, Twitter Deputy General Counsel (and former FBI General Counsel) Jim Baker was fired. Among the reasons? Vetting the first batch of ‘Twitter Files’ — without knowledge of new management.”
Ohio Republican Congressman Jim Jordan promised investigations into this and other Big Tech firms colluding with government officials to suppress information.
“I am very concerned about the government influencing big tech in this collusion we now see big tech, big media, big government all working to keep information from with the people,” Jordan said.
When asked about this story during the White House daily press briefing, press secretary Karine Jean-Pierre said she will not comment of things that happened during U.S. President Joe Biden’s presidential election.
How did Musk lose his title as the world’s richest person?
Elon Musk has briefly lost his title as the world’s richest person
This is all following a steep drop in the value of his stake in Tesla and his $44 billion purchase of Twitter.
Bernard Arnault, the CEO of LVMH, which includes luxury brands such as Louis Vuitton, briefly took over the title, with a personal wealth of $185 billion.
Musk has held the top position since late 2021, but has seen his wealth drop, as Tesla investors are worried that he is focused more on Twitter than the electric vehicle company.
Tesla has lost nearly half of its market value and Musk’s value has fallen approximately $70 billion since he made a bid for Twitter back in April.
Musk slams investigation of bedrooms at Twitter HQ
It’s every office worker’s dream, turning headquarters into a snooze zone… but Elon Musk has slammed concerns
Elon Musk has criticised San Francisco Mayor over an investigation into offices turned into bedrooms at Twitter’s headquarters.
Musk accused the city of attacking companies providing bedrooms for “tired employees”.
The new Twitter boss recently demanded staff committed to long hours or left.
San Fran authorities are investigating potential violations of the building code
A Department of Building Inspection official told local media ‘We need to make sure the building is being used as intended.”
It follows this tweet from the director of product management, attracting thousands of eyeballs for her hashtag ‘sleep where you work’ post.
In May 2020, prior to Musk’s takeover, Twitter told employees they could work from home “forever” if they wished too.
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