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PlayStation Vita (PS Vita)
at 1:31PM PST on June 10, 2011.
The problem in the portable gaming market is steep competition from smartphones where games sell for as low as $0.99. Nintendo has reported repeatedly that they are losing market share to iPhone games. Today, WSJ reported the Nintendo 3DS is selling far below expectations.
Right now, PS Vita stock is priced for it to outsell the PSP. This is highly unlikely given that the portable console market is shrinking dramatically.
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