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?

A new leak has revealed that a new console is on its way from Sony, and its bound to cause shockwaves for Nintendo and Xbox. Bloomberg have reported that Sony has a new handheld console in early development,

For the first time since 2012, Sony is developing a legitimate handheld device for playing PlayStation games, Bloomberg reports. There isn't much else to say about the device right now, as Bloomberg noted that it's most likely years away from launch — if Sony decides to follow through with launching it at all.