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SONY PS Vita
The PS Vita, heralded by SONY as the true successor to their PSP (Playstation Portable) was supposed to be the most important video game product release of the year. The release of the new handheld gaming device was particularly critical for the beleaguered Japanese consumer electronics manufacturer, which has been encountering a whole bevy of financial problems in recent times.
The PS Vita launched in late 2011 in Japan with only 25 titles, and while initial sales were brisk to the tune of several hundred thousand units, it quickly tapered off, and even the previous generation and less expensive product, the PSP, which has a much larger game library began to outsell it globally by February of 2012.
Although the unit has impressive technical specs and has garnered good reviews, the product lacks significant developer support and is an expensive product for a $249-$250 device that only plays games, and is already outstripped in terms of speed, graphics and overall game titles by the iPad, iPad Mini, iPod Touch as well as numerous other Android devices.