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Sogreblute said:

Some of the PS Vita's problems were the same problems Wii U had.
-Bad marketing
-Terrible name
-Lack of compelling software
-High price tag
-A gimmick people didn't care for (touchpad)

On top of it's own unique problems
-High priced memory cards (even the Xbox 360 had this, but the PS3 being the PS3 still made the 360 look better, while the 3DS just needed the cheap SD cards)
-Needing to use AT&T for the 3G Wifi
-No native backwards compatibility except for a few PS1 classics and PSP games (assuming you bought these digitally, if not you had to rebuy)
-Somehow having the worst versions of PS2 games even though the hardware is a lot better than the PS2 (R&C Collection, Sly Collection, Jak Collection, etc)
-God awful storefront

With all of that going against it I'm shocked it even outsold the Wii U, but then again Europe and Japan helped it push a little above the Wii U in WW sales.

To add to this I think we all need to remember in 2013 with the PS4 Sony NEEDED it to do amazing, not good, AMAZING. So, all eggs were in the PS4 basket. The PS4 could have been the end of Playstation hardware if it didn't take off due to Nintendo and Xbox fumbling so hard. If Nintendo and Xbox didn't fumble at all I think things would have looked a lot different.