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…