Sony Basically Confirms No Vita Successor

According to Sony's president Yoshida, when asked if the Vita would ever have a successor, "the climate is not healthy for now because of the huge dominance of mobile gaming." This means we likely won't be seeing another handheld from Sony, at least not in the near future.

This honestly isn't surprising to me in the least. PSP was only successful in the early years until DS Lite released and the DS in general finally took off, and Vita is quite obviously not doing well anywhere outside of Japan. (in fact I think it's been completely discontinued in most areas in NA and Europe) It wouldn't make much financial sense to release another handheld, and the PS4 is of course doing well, it would only take away from that.

Good, Nintendo can hold the handheld market.
Hopefully mobile games drop off like motion controls did.

Good. Sony doesn't need another handheld. I'd rather Nintendo be the only handheld to be brutally honest.

PSP also only became popular due to vast emulation I feel.

I say this while typing on a Vita. LOL Irony.

I feel like handhelds are going to be outdated in a few years sadly and I would rather Sony keep making handhelds so that Nintendo does not get lazy with there next handheld.

Doesn't surprise me too much, although I do think Nintendo could use some competition in that segment of the market to keep them on their toes. 

(I guess Sony can't compete with the 3DS - but I wonder whether the could compete against the 2DS for the entry-level market?)