In a strange turn of events, Nintendo has issued a statement denying reports that it’s making the recently announced Switch OLED console purely for profit. This is in response to recent reports that the company’s new console will have higher profit margins than the regular model.

A report by Bloomberg speculates that the new and improved parts for the Switch OLED will only cost the company around $10 per device. All the while, Nintendo is charging around $50 more than the standard console.

Switching the blame?

Nintendo went on full-blast, essentially @ing the journalists behind the original report. “To ensure correct understanding among our investors and customers, we want to make clear that the claim is incorrect,” the statement reads. Nintendo didn’t elaborate on any of the speculated costs or what its profit margins are.

If you know capitalism (and we’re all somewhat professionals at this by now), the company doesn’t need to explain its pricing to… anyone really. If you can cash out R12,000 for a PlayStation 5 console, paying $50 more for an improved gaming experience on a Nintendo Switch OLED shouldn’t be an issue.

The Switch OLED brings a few upgrades, including the dazzling display, double the internal storage (to 64GB), an ethernet port and an improved kickstand. Bloomberg speculates all of the upgrades should have cost Nintendo about $10 per console.

Sources: Bloomberg via The Verge