It’s said that the device builds on the PlayStation Portal, which was originally designed as something akin to this before moving to streaming.

It’s not too late for the major console makers to make a handheld, but reports note a PlayStation handheld may still be years away.

While the PlayStation Portal offered a way to play PS5 games remotely, it wasn’t a standalone handheld. In fact, it’s been about 14 years since the PS Vita appeared, and now, according to a report from Bloomberg,

All three major console platform holders are working on handheld devices.

PlayStation 5 games may now be played anywhere thanks to a new portable gaming system that Sony is currently producing. The console is reportedly "years away from launch" — if Sony chooses to release it at all — and is being built to compete with Nintendo and Microsoft in the portable gaming market,

Sony is reportedly contemplating a new PlayStation gaming handheld, intending to compete with Nintendo and possibly Xbox in the future.

Sony seems to be shifting gears, as a new report claims that another PlayStation handheld system is in the works, hoped to be able to play PS5 games natively.

Sony may be working on a portable version of the PlayStation 5, but it feels like there are already more reasons to write it off than look forward to it.

Sources said plans were at an early stage, but Sony is keen to compete with Nintendo — and potentially, Xbox — in handhelds

Sony was once committed to mobile gaming with devices like the PSP and PlayStation Vita, but it abandoned handheld gaming just before the market got interesting. Following the massive success of devices like the Nintendo Switch and Steam Deck,

Sony is reportedly set to return to the handheld console market with a new portable PlayStation that plays PS5 games on the go.