Sony is developing a handheld game console

Sony is actively working on a new handheld console that will be able to run PlayStation 5 games. According to Bloomberg’s sources, the device is currently in the «early stages» of development, and it could be several more years before a possible release.
According to Bloomberg’s sources.
The project’s purpose and competition with Nintendo
.
The product is intended to expand Sony’s reach and compete with Nintendo in the handheld gaming market. According to Bloomberg, the console will aim to create a new segment, with the goal of not only expanding PlayStation’s reach, but also competing with Nintendo’s recently announced device, the intended successor to the Nintendo Switch.
According to Bloomberg.

Device Concept
The new console could be an evolution of the recently released PlayStation Portal, a handheld device that lets you stream games from your PlayStation 5 via the cloud, but doesn’t support native game playback. The device could possibly serve as the basis for a future handheld console that would support local gaming on PlayStation 5.
The new device could be the foundation for a future handheld console that would support local gaming on PlayStation 5.
Microsoft’s response and the future of Xbox
This news also echoes a statement from the head of Xbox, Phil Spencer, who previously confirmed that Microsoft is working on prototypes for handheld gaming devices. However, as with the PlayStation, any announcements from Microsoft, according to Spencer, will also not happen in the coming years. In the near future, Xbox will focus on improving how its app works on existing handheld devices and working with hardware makers to make products more compatible.
At the moment, Xbox will focus on improving how its app works on existing handhelds and working with hardware manufacturers to make products more compatible.
Handheld console development is thus becoming an important milestone in the gaming industry, and we can expect increased competition between Sony, Nintendo and Microsoft in this area over the next few years.
And we can expect to see more competition between Sony, Nintendo and Microsoft in this area.