The Vita has the same CPU/GPU of a $500 iPad 3&4 crammed into a smaller shell with giant 5" AMOLED screen. At launch, it had the components of a $500-$600 smartphone, being offered at a $250-$300 price with a larger battery, and physical controller.
Just because the market for handheld gaming is dominated by kids who can't afford a $200+ console doesn't make the Vita an overpriced device. It was an exceptional value for what many people used to speculate would be a $400-$500 console.







