24/7 Wall St., a Delaware corporation that runs a financial news and opinion operation with content delivered over the internet, declares that Sony’s latest handheld game console, the PlayStation Vita, which released globally this year, is one of the worst product flops of 2012.
The company says, that while its initial sales were promising, the overall sales of the PlayStation Vita are poor, compared to the Nintendo 3DS, smartphones and tablets.
Also on 24/7 Wall St.’s list of the worst product flops of 2012 is another Sony device – the Sony Tablet P.
Released first in Japan in December 2011 and then globally in February 2012, initial sales of the PlayStation Vita were encouraging. By the end of February, the company announced it had sold approximately 1.2 million units, followed by an additional 2 million units of software for the handheld game console. Yet sales quickly declined. From its release date to June 30, just 2.2 million PlayStation Vita units were sold, far less than the 3.6 million units Nintendo 3DS sold in just its first month. Recently, Sony has clumped sales of the Vita and its predecessor, the PSP, together to avoid highlighting embarrassing sales figures. Frequent complaints about the Vita were that the $300 price tag was too expensive and that its game lineup was both weak and small, especially given the availability of cheaper gaming through smartphones and tablets.