Sony's new PSP is "currently in the early stages of development."
Sony is working on a new handheld console that will be capable of playing PlayStation 5 games. According to Bloomberg, it will likely be "many years before this device is released."
“According to sources close to the development, the goal of the product is to enhance Sony's market presence and compete with Nintendo for a share of the portable gaming device market,” Bloomberg reports.
The concept may build on the recently launched PlayStation Portal — a handheld console that streams PS5 games through the cloud but cannot play them directly on the device.
The release of such a portable PlayStation could compete not only with the future successor of the Nintendo Switch but also with a possible counterpart from Xbox.
Earlier this month, Xbox head Phil Spencer confirmed that Microsoft is working on prototypes of portable gaming devices, but their potential release is still several years away.
In a conversation with Bloomberg, Spencer mentioned that Microsoft is developing prototypes and exploring various options. He tasked the development team with analyzing the market and forming a strategy based on the research.
Source: Bloomberg
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