Hardware Sony is reportedly developing a new handheld console

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With the Nintendo Switch being such a runaway success, and having a successor console on the way, it looks like an old rival might be throwing their hat back into the ring. An insider report from Bloomberg states that Sony is looking to contend in the portable gaming market, and thus, are in the early stages of creating a new handheld device. Supposedly, the concept builds upon the PlayStation Portal, but would, "function as a standalone device like Valve Corp.'s Steam Deck". Bloomberg notes that the release of such a PlayStation-branded handheld would be "years away", or could never be fully realized.

The product is aimed at expanding Sony's reach and contending with Nintendo Co. for the portable gaming market, according to people familiar with its development. It would also counter any potential mobile hardware from Xbox maker Microsoft Corp., which is working on prototypes in the category as well. Sony's portable device is likely years away from launch and the company could still decide against bringing it to market, the people said, asking not to be named discussing private plans.

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