Ars Technica

While Nintendo has been having difficulty in the home console arena lately, competitor Sony is having similar troubles trying to make a dent in the portable console market following the recent launch of the PlayStation Vita.

In a newly released earnings report [PDF] for the quarter ending in June, Sony revealed that the PSP and Vita combined for just 1.4 million sales worldwide. That's less than the 1.8 million units the aging PSP sold by itself a year ago at this time, and less than the 1.86 million 3DS systems Nintendo sold in the same quarter this year.

Sony didn't split out precisely how many sales each portable console had, but even with the PlayStation Portable zeroed out, this isn't an inspiring sales performance for the newer system. A lack of compelling software might be to blame: While the Vita launched with one of the largest game lineups ever, the stream of software has slowed down significantly since then, with only 11 new games released in North America from April to June. The release schedule will pick up a bit heading into the holidays, but it's hard to see any of the home console ports and classic re-releases that dominate the list acting as the major killer app that really drives significant system sales.

The poor portable performance is dragging down Sony's entire gaming unit, which lost 3.5 billion yen (approx. $45 million) for the quarter, compared to a 4.1 billion yen ($52.4 million) profit a year ago. Slow portable sales for the quarter also led Sony to lower its full-year expectations for the full gaming unit and for Vita sales, from 16 million in May to 12 million now.

http://arstechnica.com/gaming/2012/08/sony-scales-back-expectations-for-vita-after-weak-sales-performance/

It haz no gaemz!

Week old news?

When this beast releases, the Vita will see new life:

Though it will also release for PSP but I predict Vita dominance in sells.

Wait...so Sony has lowered their predictions from 16 million Vitas for the year to 12 million? That is ridiculous... 5.4 million vitas by the end of 2012 seems realistic, 12 million is ridiculous. Perhaps i am reading this wrong...

You should know by now that there is not time preference when it comes to bad Sony news.

bit optimistic thread from you Nsanity.... they expect Vita + PSP = 12 million.. like the Vita could get 12 million alone... Nsanity with his optimistic Sony threads....

? I see nothing

It honestly has nothing that appeals to someone who wants a handheld. Sure Uncharted is a great game, but it's not a game that the "mainstream" want on their handheld. And I mean by mainstream not as casual gamers, but even the hardcore. Honestly I don't see the appeal of an expensive Vita when I have a PS3.

This of course may change, but definitely needs games, and more specifically, handheld games. Problem is that bar the MH success on the PSP in Japan, nothing has been released on the PSP has had close to that appeal. Sony need to dig deep on this one

That for their fiscal year ending March 2013 I think.