Ryan’s specific said that “PlayStation Vita was brilliant in many ways, and the actual gaming experience was great, but clearly, it’s a business that we’re no longer in now.”
Whether that means portable gaming in general is off the table isn’t completely clear. PS Vita TV and transferrable save data made the Vita Sony’s Wii U, mostly un-tethering the console experience and letting players take their games on the go. Former SIE President John Kotera told IGN UK in 2018 that Sony’s approach to handhelds was:
Which sounds a lot like a modified version of PS TV.
It’d be a much smarter approach to handheld than Sony’s taken as well, free of the proprietary memory card bugbear and, like Nintendo, letting Sony and its developers focus on software for one device instead of several.
How this plays out is still very much uncertain. The PlayStation 5 is set to release around the holidays next year, but we still don’t know too much about it. It could be backwards compatible with every PS console before it, so who knows — it might just have some kind of portable, Switch-like capability as well.