It's the end of the Wii.
Even Nintendo gets the blues, judging from the Wii-maker's latest counterintuitive financial announcement. In a shock reversal, the company has inexplicably slashed its full-year profit forecasts by 33 percent.
That certainly doesn't appear to jibe with sales figures, which peg Nintendo's hardware and software sales at second-to-none levels during most of 2008. Nintendo's third-quarter results alone were up 21 percent over the same period in 2007.
According to Times Online, analysts are describing Nintendo's move as a "baffling and potentially very worrying" sign for worldwide Wii sales.
Blame it on the recession?
Maybe, maybe not.
"Today's revision suggests that the roaring pace of Wii growth that we've seen until now may be over," said Hiroshi Kamide, a KBC Financial Products analyst.
Kamide says the reduction may imply that Nintendo knows "something big has gone wrong, and that people are not buying the machines."
Not buying the machines? Were the four million Wii units sold in November and December in the U.S. alone just a hoax?
And just so I'm not called a Fanboy or something:
TOKYO, Japan (CNN) -- Sony blamed the global economic slowdown, increased competition and an appreciating yen for a 95 percent drop in third-quarter profits, as the company announced its results Thursday.
Customers check Sony's Bravia brand LCD TVs at an electronics shop in Tokyo, Japan.
Profits for the quarter, which ended December 31, fell from nearly 200 billion yen ($2.2 billion) in 2007 to about 10 billion yen ($110 million) in 2008.
Across the company, sales were down 25 percent, but electronics and games sales were especially hard hit.
Sales of games, including the company's popular PlayStation series, fell 32 percent over the year. Sales of electronics decreased by nearly 30 percent.
The appreciation of the yen also cut into profits.
A stronger yen makes Japanese products more expensive or forces companies to lower their profit margins to keep prices the same.
Last week, Sony warned that it will close out the fiscal year, which ends March 31, with an operating loss of 260 billion yen ($2.9 billion), its first in 14 years.