I can't really determine which company will go completely out of the hardware business first, I doubt it would be Nintendo considering their profit statements.
However, apple, I can see trying to make the iPhone a portable gaming device, maybe partnering with Nintendo, to let it play GBA games or VC games, if anything.
I don't need your console war.
It feeds the rich while it buries the poor.
You're power hungry, spinnin' stories, and bein' graphics whores.
I don't need your console war.
NO NO, NO NO NO.