There is no hardcore gaming market on handhelds. Or at least not one that is big enough to make the efforts worthwhile. Sony should have known this, but made a gruesome miscalculation: Now, they have been faced with lower sales than expected regularly.
Some people say that the Vita's sales are poor because titles like Call of Duty, Resistance and Assassin's Creed were not given enough time and effort, but the truth is that those titles were not given enough time and effort because they knew sales would not have been significantly higher anyway; the additional time and effort would be wasted.
Bottom line: The Vita is simply targeting a market of insufficient size.
(Sure, the very same thing could be said about the Wii U, but that console will always have Nintendo IP's to rely on and make sales decent at worst.)
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