Sony (NYSE:SONY) is reportedly in the early stages of making a portable console that would run PlayStation 5 games on the move, and the device is expected to compete directly with Nintendo Co. (OTCPK:NTDOF) for the handheld gaming console market share,

Bloomberg have reported that Sony has a new handheld console in early development, which will allow PlayStation fans to play their PS5 games on the go. This is a true handheld, scrapping the game streaming features of the PlayStation Portal. Games will run natively on the console, much like the Nintendo Switch or the upcoming Nintendo Switch 2.

Sony has set its sights on the handheld console scene, working on a new portable PlayStation system to play PS5 games on the go.