It’s not too late for the major console makers to make a handheld, but reports note a PlayStation handheld may still be years away.

All three major console platform holders are working on handheld devices.

Sony is reportedly contemplating a new PlayStation gaming handheld, intending to compete with Nintendo and possibly Xbox in the future.

Sony is working on a portable PlayStation 5 console, according to a new report.The Latest Tech News, Delivered to Your Inbox

Claims are pointing that Sony is currently developing a new portable console, capable of playing PlayStation 5 games.

Handhelds are clearly going to continue coming back in a big way, as now even Sony is reportedly developing a proper, non-cloud based portable console.

PlayStation is, of course, no stranger to handheld gaming. The PSP constituted the only serious competition Nintendo ever had in the portable console market, and sold more than 76m units. But its successor, the PlayStation Vita, fared less well - and reportedly sold around 16m units.

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 is reportedly working on a new portable PlayStation that will rival the Nintendo Switch in the true sense.

But the PlayStation Portal won’t stream any PS4 or PS3 games, nor any PS5 game you bought from the PlayStation Store.

Move over, PlayStation Portal—a new Sony handheld is seemingly in the works. But could it compete with the Nintendo Switch or Valve's Steam Deck?