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Their first-party games flopped on the Vita, and are better suited for home consoles. Nobody bought the AAA third-party games either. Plus niche Japanese games seem to sell better on the Switch. There's really no reason for Sony to release another portable atm with them focusing on graphics, 4K, an VR.
PSN: Shiiiro- Switch FC: 5371-7893-8798 May your heart be your guiding key. Ultimately what you need to do is what your heart feels is right.