Sony is preparing a new portable console to compete with Nintendo and Xbox; the next PSP will run PS5 games, according to a report

The portable console market is thriving, largely thanks to the tremendous success of the Nintendo Switch. It seems that PlayStation is eager to reclaim its place in the sector, as a recent report suggests the company is working on a new portable hardware device.

Sony first entered the market with the PSP, a massive success at the time. This was followed by the PS Vita, a device with strong features but one that ultimately fell short of company expectations and is often considered a failure. Recently, Sony released the PS Portal, a device dedicated to streaming games via the cloud.

Now, sources claim the Japanese company is developing a new portable console that would allow players to enjoy PlayStation 5 titles anywhere. Sony’s goal appears to be expanding its brand further while competing with Nintendo and Xbox, both of which are reportedly preparing new portable devices.

Sony Prepares a New Portable Device: What Do We Know About the Next PSP?

According to Bloomberg, Sony is developing a new portable console capable of running PlayStation 5 games. Sources familiar with the project claim the system is in its early stages of development, meaning it could still be years before it becomes a reality.

The report also highlights that this project aims to compete with Nintendo, the dominant force in the portable console market thanks to the Switch, which already has a successor in the works. Additionally, it would serve to rival Xbox, which recently confirmed it is working on various prototypes of a portable system.

Furthermore, the new PSP would expand PlayStation's reach even further, complementing its focus on home consoles, PC game releases, and future growth in the mobile gaming sector. However, it is crucial to note that despite its development, there’s no guarantee this device will reach the market. Sources indicate Sony's plans could change in the future.

While the information comes from reliable sources, it remains a rumor for now. Sony has declined to comment on the matter and, unsurprisingly, has not confirmed the existence of a new portable console.

What Could the New PSP Be Like?

Previous reports have also claimed that a new portable PlayStation console is on the way. These rumors suggest that the device might be capable of running PS5 and PS4 titles natively, eliminating the need for cloud streaming like the PS Portal.

Additionally, the device is rumored to feature a custom AMD APU and possibly include 18 compute units to handle titles from both consoles smoothly. Once again, it’s important to reiterate that these details remain unconfirmed at this time.