Soundwave on 09 February 2014
iPhone/Android happened.
Consumers over the age of 13 don't want a gaming handheld anymore. Their smartphone is "cooler" and lets them browse the internet, social network, watch movies/TV show, listen to music, and play the odd game here and there for free-99 cents.
Nintendo owns the under-13 market and has its legion of Nintendo fans that are what's keeping them going.
Vita having neither was basically like a tiny island getting hit by a massive tsunami ... they never even had a chance.
