Sony is reportedly in the initial stages of developing a new PlayStation 5 handheld console that will compete directly with the Nintendo Switch.
The surprising news comes from Bloomberg, which cites anonymous sources and also clarifies that the plans have not been finalized.
The console may not even ever make it to the market. This puts it roughly on par with what we know about Microsoft's Xbox handheld.
Microsoft Gaming CEO Phil Spencer recently confirmed it is being made but also added it is years away. Sony has a long history of making PlayStation handhelds, of course.
The first one they produced was the PlayStation Portable, colloquially known as PSP, which launched between late 2004 and early 2005 across the world as a competitor to the Nintendo DS.