Nintendo recently shared its Annual Report of 2020, which outlines the company’s monetary and investment information for the fiscal year that ended March 31, 2020. In this year’s report, Nintendo also mentions how COVID-19 has affected them, while also outlining how the pandemic could hurt them moving forward.
Specifically, Nintendo noted that:
Because of COVID-19, production and shipments of the Nintendo Switch console, accessories like the Joy-Con controllers, and Ring Fit Adventure faced delays in some regions from February through March, but this only had limited impact on sales for this fiscal year.
The company also mentioned that, when talking about risks moving forward, “product supply may be impacted…[and] sales channels may be restricted.” While this may not come as a surprise, Nintendo also said, “…we may not be able to proceed with the release of Nintendo products and the start of services as planned.”
Even still, the company was able to report a 24% increase in hardware sales and a 42.3% increase in software sales from last year, with Pokémon Sword and Shield and Animal Crossing: New Horizons leading the way.
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