Voost Kain
Banned
You knew the PlayStation Vita wasn't long for this world, and now it's official: Sony has discontinued the last two Vita models. The move marks the last step of a long, gradual phase-out that included a halt on first-party games in 2015, the discontinuation of physical games and the end to PS Plus freebies. If you're looking for the handheld, you'll either have to get lucky at a retailer (if there are any units left) or track down a second-hand model.
The Vita had a long shelf life, but not a happy one. It launched in Japan in December 2011, right when phone and tablet gaming were taking off -- Sony was trying to sell people on a dedicated handheld at a time when many could play "good enough" mobile games on devices they already owned. And while there were high-quality titles like Severed, tepid sales led developers to shy away. Things only got worse when you included design complaints (such as a reliance on expensive, proprietary memory cards) and fierce competition from Nintendo.
Sony doesn't plan a sequel to the Vita.
Welp, going from the PSP to a almost intentional self-sabotaging of the Xperia Play, and then to the Vita which they gave up on trying to salvage around 2 years after release, and made it become a consoles with a library of Visual Novels and other types of niche games, only really pushing it in Japan, where it only sold a few million units.
No successor is planned at this time. I still think they can try an Xperia Play again, actually add games to it, have a separate PSN store for smaller titles and indies, the tech is there for a slick big screen phone with a reliable slide out controller. But it's likely they are done with portable gaming for awhile.
But it's the end of the Vita and also the end of Nintendos only competition that was left in the portable sapce (though even Nintendo kind of gave up on that with the hybrid approach of the switch but that's a different subject.)
Even in it's death I see 4GB cards for over $20, Vita means life of high prices that never end.