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Two PlayStation DualSense controllers (Nikos Pekiaridis/Getty Images)
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Sony’s developing a handheld console to compete with Nintendo

Sony’s had a tough year — now the entertainment giant is looking to flip the switch for portable PS5 games.

Millie Giles

It’s been a tumultuous year for Sony: its gaming division had one of the worst video game releases ever, with high-budget shooter “Concord” selling fewer than 25,000 copies; the Spidey-adjacent Marvel movie “Madame Web,” and other titles from its film division, bombed at the box office; and it oversaw multiple rounds of layoffs… all pointing to the entertainment giant needing a big commercial win in 2025.

Now, according to reporting from Bloomberg, it seems that Sony plans to get back in the game by making a handheld console to rival Nintendo’s smash-hit mobile device, the Switch. While Sony has forayed into the handheld-gaming space before with the PlayStation Portal, released last year, as well as the now discontinued PS Vita (2012) and PlayStation Portable (2005), what will supposedly separate the new device from its predecessors is allowing PS5 games to be played without an active Wi-Fi connection.

Even so, the console is in very early stages of development — likely years away from an official launch, and there’s a chance Sony could pull the plug altogether on bringing the device to market. However, with Sony’s last blockbuster video game console, the PS5, being released four years ago this month, the company needs to score another success if it’s to hike up its slumping margins: unit sales of the gadget were just 3.8 million in the most recent quarter, down 54% from its peak in Q3 FY23 (though still seeing ~1.5 million fewer units sold than the PS4’s sales peak in FY16).

PlayStation sales
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Left to their own devices

Nintendo isn’t Sony’s only competition in the space, with Microsoft also rumored to be working on a portable version of an Xbox. Indeed, as gamers await the long-anticipated Switch 2, with the release date tipped to be March 2025 at present, developers are rushing to cash in on the significant demand for playing games anywhere — as mobile gaming on smartphones has boomed in recent years, despite some of the weirdest and worst ads on the internet.

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

Handshake

Big Pharma enters 2026 with an appetite for deals

At the JPMorgan Healthcare Conference, biotechs and Big Pharma signaled they’re primed for M&A this year, after a big year for deals in 2025.

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