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.

Sources said plans were at an early stage, but Sony is keen to compete with Nintendo — and potentially, Xbox — in handhelds

Sony (NYSE:SONY) is reportedly in the early stages of making a portable console that would run PlayStation 5 games on the move, and the device is expected to compete directly with Nintendo Co. (OTCPK:NTDOF) for the handheld gaming console market share,

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 will be building on the design of the PlayStation Portal device for its handheld console, according to Bloomberg. According to the publication's sources, the Portal,

Sony is reportedly working on a brand new portable console to build on the idea of its PlayStation Portal and compete with Nintendo in the handheld space, according to a report from Bloomberg.

Sony joins Microsoft in the race to develop a standalone portable console that would play games on the go like Nintendo's popular Switch console.

For the first time since 2012, Sony is developing a legitimate handheld device for playing PlayStation games, Bloomberg reports. There isn't much else to say about the device right now, as Bloomberg noted that it's most likely years away from launch — if Sony decides to follow through with launching it at all.

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?