Does portable gaming have a future?

Later this month, Sony Computer Entertainment will release the follow-up to the PlayStation Portable, its first newly redesigned device since the PSP debuted in 2004. But the PlayStation Vita has a lot more riding on its shoulders than the PSP did almost eight years ago. Sales of portable consoles like the PSP and the Nintendo DS have been decreasing just as the sales of smartphones balloon.

In the past three years, Nintendo and Sony have taken a beating in terms of market share according to a report released by mobile analytics firm Flurry last year. And both Sony and Nintendo have also seen drops in revenue, with combined revenue for Nintendo and Sony dropping from $2.2 billion in 2009 to $1.4 billion in 2011.

Is the mobile industry to blame? Are sales of smartphones cutting into the market for portable gaming consoles like the Sony PSP and Nintendo DS? If so, should Nintendo and others bring their gaming franchises into the mobile industry in order to stem the bleeding?

FierceMobileContent examines the decline in portable games and the rise of the mobile gaming industry in this special report.

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