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KBG29 said:

The big key to Sony and Nintendo entering the market is their home consoles. Sony especially can build the device right off the back of PS4. A new handheld and Phone that runs all PS4 software at 540p and checkerboard upscales to 1080p would be an awesome device, and would have home and mobile PlayStation working together to build a massive userbase. This is the way they can get support for Android and iOS ports for banking, trading, home security, fitness, etc., etc. apps on the devices.

"An awesome device" for mobile gaming ain't automatically an awesome smartphone which you carry around everytime. Sticks and buttons for mobile gaming are dead weight for almost every other task (telephone calls, internet browsing, taking photos & videos, watching youtube/netflix, listening to music...) a smartphone can do... it makes the device bigger and heavier than necessary for anything else than gaming.

And even if every PlayStation fan on this planet is buying a PlayStation phone or phone/handheld hybrid (many of them wont because they have different priorities for a device carrying around everytime than for a gaming device), that still wouldn't be a "massive userbase" compared to the iOS and Android userbases.