Sony (SONY.US) is reportedly developing a PlayStation 5 gaming handheld to compete with Nintendo's Switch.

Sony (SONY.US) is in the early stages of developing a portable gaming console that would allow players to play PlayStation 5 (PS5) games on the go, according to people familiar with the matter. The product is aimed at expanding Sony's reach and competing with Nintendo for the portable gaming market, while also countering any similar portable hardware Microsoft (MSFT.US) may launch for its Xbox console, the people said. Notably, the people said Sony's portable device could take years to launch, and the company may still decide not to bring it to market.