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man-bear-pig said:
Nope, there are 2 things that are hurting the vita:

1.) Smartphones
2.) Tablets

This.

According to the last post about smartphones in Vgcharts, Smartphones sales are growing by more than 150% over the previous year, while portable market is decresing constantly.

3DS keep selling because of 1st party games. The reason why PSP sold well is because it was a powerfull devise then with WIFI connection, movies, music, and more likely a portable PS2.

The vita on the other hand, doesn't have what it takes to attract more buyers.. Price, games aren't a good excuse for not selling well I guess.