Move over, PlayStation Portal—a new Sony handheld is seemingly in the works. But could it compete with the Nintendo Switch or Valve's Steam Deck?

After watching Nintendo dominate the gaming landscape over the last eight years with a hybrid game console, Sony is getting ready to challenge the Switch with a new handheld console of its own. Bloomberg reports that Sony is in the early stages of developing a portable game console capable of playing PS5 games natively.

Sony joins Microsoft in the race to develop a standalone portable console that would play games on the go like Nintendo's popular Switch console.