Looks like Nintendo is gearing up to announce its new console, the Nintendo NX this year. 

According to Japanese news site Nikkei, Nintendo will be halting Wii U production later this year. The same report also mentions that Nintendo has ceased production on several Wii U accessories as well. This news means the company is ready to make the shift from the Wii U to the forthcoming NX and even more so the aging 3DS console to mobile titles like "Miitomo."

VentureBeat reports, GamesBeat reached out to Nintendo for a comment. A spokesperson told IT Media that this is "not an announcement from the company" and Nintendo "plans to continue production through the next fiscal period and beyond." 

Nintendo will need to clarify that translation because the "fiscal period" could mean to the next quarter which only runs from April through July or the entire 12-month period of April through March.

Whatever the case may be, if Nintendo does discontinue production on the Wii U this year that suggests the company could potentially launch the successor this year.

Looking ahead Nintendo still has a a few noteworthy releases coming this year including "Star Fox: Zero," "Paper Mario: Color Splash" and the highly-anticipated title "The Legend of Zelda."