Nintendo could very well cut its earning forecast and announce that annual profit will decline. The reason is that Wii sales are decreasing thanks to the fact that any one who wants one has one and the strong Japanese yen has meant people are less interested.

Bloomberg reports that Nintendo's net income will possibly fall 11 percent to US$2.7, marking the first drop since March 2004. Wii sales have been sliding worldwide. Last month, Wii sales in the U.S. dropped 33 percent while rivals Sony saw PS3 sales double.

It is starting to look that unless Nintendo can pull a rabbit from out of a hat, it will slowly be retired into the dustbin of fads along with the hola-hoop, the skateboard, the iPod and voting for the British Labour Party.