Owen Good for Polygon:

Shuhei Yoshida, the worldwide studios chief for Sony Computer Entertainment, told a panel this weekend that “the climate is not healthy” for a successor to the PlayStation handheld, thanks to the saturation of mobile gaming-ready devices and the nature of the games they play.

This news isn’t surprising but sad nonetheless. Sony was never able to find their footing in the mobile space within North America, especially with the rampant piracy of the PSP.

I’d argue that the company could have competed with the growing number of mobile devices on the market had they taken the necessary steps. What those might be, I’m not a 100% sure and neither is Sony from the looks of it.