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JRPGfan said:
Makeing a handheld is risky in this day and age.
3DS might be the last of its kinde.

Mobile is just too big.
Nintendo/Sony need to make a phone, that can play games like a handheld does.

If Nintendo can hold at 50 million handhelds sold, that's still more than enough incentive to make one. 

Once you start getting under 35 million though it starts to become a murkier proposition because handhelds generally don't move as much software as home consoles (per unit).