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NewGuy on 03 September 2014
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For the people saying "Poor Vita" or whatever, this is a longtime coming and just the beginning IMO. Vita is deader than dead. Will sell another 5 mil or so and be killed off (hardware wise). Sony will not release another dedicated handheld machine (and neither should Nintendo IMHO). Only possible exception is if they want to appease the hardcore and release some Special Edition consoles. That I could see Sony doing.

Vita will live though because Vita means life. The way it will live is through android (and maybe iOS, if apple allows). Sony shipped 39.1M phones last year and expects to ship another 43M this year. For comparisons, 3DS shipped 12.24M last year and they expect to ship another 19M this year. Vita + Vita TV + PSP shipped 4.1M last year and they expect to ship another 3.5M this year. Xperia phones out ship (sell) 3DS + Vita combined, comfortably, every year. Xperia is behind Galaxy, iphones, possibly LG, HTC, and a few other Chinese manufacturers. Phones and tablet potentials are HUGE. Sony might keep Vita going for the next coupleo for years for the hardcore. They might even have a refresh, but their focus will be integrating Playstation with the Xperia line. They won't shoehorn it in like they did with Xperia Play.

1) PSM is vita only now. Android phones were holding back PSM to basically bad ports or simple games. PSM Unity and Dev kit are either free or extremely cheap. This will allow quick and easy ports of iOS and android games.
2) PSV Unity is also official now. This allows for bigger games to be ported while taking advantage of having access to core vita functionality. This is part of the reason why I think SE quickly ported Mana and that Zombie game. This might make it easier to port games like DQ, Bioshock, and Civilization
2) PS4 remote play is available on xperia phones and tablets (and bravia TVs). Foolish is the person who thinks it'll stop here
3) Future - PSNow will come to Xperia phones and tablets
4) Future - Sony will release an app, similar to what they have now on their xperias for access to PSM games and movies/tv shows. This forthcoming app will allow the phones/tablets to access and emulate PSVita games. This will be done through emulation, much like the PS3 emulates PS1 games.
5) Future - All of the above will be opened up to other android manufacturers (on an official basis as it will be hacked before then). It will also
6) Future/Optional - Sony will release a frankenstein dongle accessory like the 3DS second stick frankstein accessory. It will look like the ones for iphone now and will make their phones/tablets very portable and easy to play on the train or plane, for example. No need for a DS4.