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They don't need a new handheld. They need to support the one they have with some exclusive software.

If they put Vita Tv in all of their products they could alleviate massive amounts of R&D from most of it's business segments trying to get everything working with SEN and with each other. This would give all of their devices A smooth PSN connected experience. Design the hardware modestly around that chipset and they could have all segments selling profitable devices that leverage their network platform.

This makes all products essentially the same. So one chip upgrade means the entire hardware line is upgraded for Apple like ubiquity. They could sell Personal Media Players, Tablets, Phablets, Smart Phones, Gaming Laptop, Smart Televisions from 100-500 and even at the prices listed would have room for a small margin on hardware given what they retail Vita TV for. Pairing down the amount of models produced and making the few that you make work together in harmony should be Sony's goal. The experience of PSN is very different from Device to Device which I think only hurts Sony.

This could see the fat in the company trimmed while putting a spotlight on it's quickly growing content be it games, music movies or otherwise. I think Sony just enjoys mismanaging itself, infighting, and wasting resources.