It depends of the future of Nintendo consoles. If they decide to go for the fusion project and they succeed, I could easily see another handheld reaching GBA and PSP levels.
Also, the problem of mobile and tablets is that markets that grow too fast in short amounts of time are very unstable, and tend to crash almost as bad. I can see some kind of mobile crash in less than ten years. Like a couple of the biggest mobile developers and distributors going under, leaving an oversaturated market and consumers with no means to identify what's good, what's bad or what's malware in disguise, and massive competition will deminish any possible profit made by small developers, so a lot of them will fall too.
Sony will prolongue the lifespam of the Vita as much as they can, that machine is advanced enough to survive on two generations. The thing is that Sony will probably concentrate in mobiles and other devices by adding some sort of PS chip on them.
Handhelds will survive, the idea of gaming on the go is too good to loose. In fact, with all of these streaming experiments the industry is doing, I can see growing in a couple of gens, just to play the PS5 or Nintendo Megaton on the go.
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