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Source: https://www.bloomberg.com/news/articles/2017-09-25/sony-vs-nintendo-playstation-boss-sees-limited-handheld-market

Some important points:

Sony Corp.’s gaming chief Andrew House sees limited global potential for handheld gaming in the age of smartphones, saying that the company doesn’t have any concrete plans to take on Nintendo Co.’s Switch.

“The Nintendo device is a hybrid device and that’s a different approach and strategy,” House said in an interview at last week’s Tokyo Game Show. “We have not seen that as being a huge market opportunity,” he said, referring to handheld gaming outside of Japan and Asia, where Sony still sells the Vita portable device.

Goes on to say:

“The Vita experience was that outside of Japan and Asia, there was not a huge demand,” House said. “The lifestyle shift toward the dominance of smartphones as the single key device that is always with you, was the determining factor.”

There's still more to the article, but this seems to crush all hopes of a new Sony handheld. Thoughts?

Also wanted to add this harsh response to the article: