The PlayStation Vita otherwise known as the PSP2 was launched just over 1 year ago on December 17, 2011 in Japan and February 2012 in the rest of the world, since then it has seen a dramatic decline in sales, Sony has had to slash its sales forecasts in half.
With the much older PSP one periodically outselling it's younger and much more powerful successor, following on from the February announcement of the Playstation 4 it is assumed that Sony will drop the PlayStation vita price in Europe and the USA.
Additionally Sony has decided to slash the price of the PS Vita in Japan by over a hundred dollars this is led to a resurgence in sales but is it enough?, the vita should benefit from increased interest in the PS4 which will heavily support and work in conjunction with the Vita.
Looking forward Sony's largest challenge, is the complete lack of new games support for the Sony Vita, only a handful of games are planned for lunch over the period leading up to the end of summer 2013 and this is having a depressing effects on the Vitas sales. Only two games come to mind, Killzone in September, and Soul Sacriface next month.
Nintendo on the other hand has made a concerted efforts to increase support for its 3DS, and is currently outselling the vita by a factor or four to one.
So is the Vita dead? Can it recover?, its too early to say, but there is no doubt that there are challenges ahead. and it's all up to Sony now, it is not a marathon it's a sprint.
Never underestimate Sony