Looking back at the PSP, we see a handheld console that had immense success around the world and at times was the most successful game system overall. The PS Vita is the successor to the PSP and it has not seen nearly as many sales, with some people claiming that the Vita is dead.
The Vita's sales are unlikely to ever turn around, but the handheld console isn't dead, it's just unable to become popular due to its own issues and the existence of the Nintendo 3DS.
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The Nerd Stash: "While many have forgotten Sony's underappreciated handheld, we still hold it near and dear to our hearts. Here are the rarest PS Vita games you can buy right now.
Nah, it's the fact that for some reason gamers just didn't want a powerful handheld console. Combined with the fact that Sony started dropping support because of the lack of sales. It was a domino effect, and it was really sad to see. The Vita had so much potential, I don't know what happened. It's a dang shame, it was disappointing as a gamer to see it going downhill. Thank goodness for Japanese developers. Without them, the Vita wouldn't be getting anything.
3DS? No.
The intentions when designing the Vita were good. Sony just has not dedicated enough of their first-party resources to make games that people will buy the system for, which would then spur on third-party developers to make games for it.
I remember getting super excited when Ken Levine announced that a BioShock game would be coming to Vita. That would have been an absolutely killer app. It gets tons and tons of fabulous games, particularly indie games like Hotline Miami, but I think the time has passed where the AAA devs could have made a stronger impression.
Existence of 3ds clearly has nothing to do with vita's problems. And psp stance has never been as bright and obvious as these guys imply but oh well, who cares anymore.
Nope it all Sony. They aren't doing anything. They just letting Japanese third parties keep their own system afloat..... nah Vita doesn't belong to Sony. It has been adopted.
There are a lot of factors to blame.
Price.
Sony memory cards
Lack of support for true AAA games
And althoughtl they fixed most of the problems... Too little to late. Most developers have abandoned the Vita.
But, it's saving grave lately... Ps4 streaming, and PSNOW. it's awesome. It really is.