As Nintendo so regularly does, it recently published its earnings report for the last quarter and, despite some unpleasant initial results, overall things are looking good for Nintendo.
The report looks at the period between April-June 2012, otherwise known as Q3, and during this time Nintendo have managed to turn over a higher profit than this time last year. This was managed thanks to reduced cost of sales, so even though net sales are the lowest in five years, so were the cost of sales meaning they turned over a profit.
Overall Nintendo’s total net income was actually a loss of ¥17 billion (£140 million/$217 million), this is due in part to the large amount of money lost in exchange rates. Thanks to the economic crisis in other countries, Nintendo now loose an awful lot in profits through the exchange rate, in Q3 it lost ¥21 billion (£173 million/$268 million).
Also, as of today, the 3DS is no longer being sold at a loss, meaning that Nintendo are actually making money on the device since its price cut. This news will no doubt improve Q4′s figures to no end.