Sony is currently making a new handheld gaming console that allows users to play PlayStation 5 games anywhere. According to Bloomberg, the console is being developed to compete against Nintendo and Microsoft in the portable gaming market, and is likely “years away from launch” — if Sony decides to release it at all.

Little else is known about the project right now, but Bloomberg reports that sources familiar with the device say it’ll compete against Nintendo’s Switch and the final version of the Xbox handheld that's currently being prototyped.

Sony reportedly intends to position a new gaming handheld as a competitor to the highly successful Nintendo Switch.

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.

Sony is currently in the "early stages of developing" an all-new handheld PlayStation device that would allow users to play PS5 games on the go, a report from Bloomberg claims. Sources speaking to the outlet under anonymity said the device is "likely years away" from release and warned it may never actually make "it to market".

Sony Group Corp. is in the early stages of developing a portable console that would play its PlayStation 5 games on the move.

Sony is working on a new handheld console for playing PS5 games that will rival the Nintendo Switch 2. Sony is developing a new handheld console, which won't rely on other consoles to work like the PlayStation Portal.

Sony is said to be working on a portable gaming device that can play PS5 games, though it's years away from release.