While it seemed that all was going well for the Big N, it looks like those jovial times are finally coming to a (temporary) end. In an earnings report filed today, the company posted a 66 percent fall in quarterly operating profit on "slowing demand for its Wii console and a stronger yen." It's not so much the profit slide that's surprising, but the sudden admission that Wii demand has finally (finally!) slowed from a raging boil to simply piping hot definitely caught us off guard. Still, Nintendo maintained that it would sell 26 million Wii consoles before the year was out alongside 30 million DS handhelds, the latter of which has seen momentum slow due to "increased competition in the handheld business from Apple's iPhone." Now, we've known for some time that the suits in Cupertino have always viewed the iPhone as a game console, but to hear it called out as such from an entity not named Apple is another matter entirely. Maybe it should reconsider that whole "if you can't beat 'em, join 'em" thing? Nah.

[Image courtesy of QuiteCurious]

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Nintendo finally sees Wii demand slowing, calls iPhone a DS / DSi competitor