Nintendo to stop production of Wii U videogames

Japanese videogame maker Nintendo Co Ltd will stop production of the Wii U video game console as early as this year after stagnant sales, Nikkei reported on Tuesday.

A few components of the device have already been stopped and parts inventory will dry up this year, according to Nikkei.

Nintendo's Wii U console has lagged behind Sony Corp's PlayStation and Microsoft Corp's Xbox, while the rise of smartphone games has won over many gamers.

Nintendo could not immediately be reached for comment.