LOS ANGELES, CA - JUNE 15: PS Vita is displayed during the Sony E3 press conference at the  L.A. Memorial Sports Arena on Jun
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Fans of handheld PlayStation gaming devices might want to stop reading right about...now. It looks like the future of PlayStation Portable, PS Vita and their ilk might not be the brightest. In the future, they probably won't exist.

Alternative Press reports that on a recent EGX 2015 panel, the president of Sony Computer Entertainment Worldwide Studios, Shuhei Yoshida, said the status of the PS Vita and other handheld devices is grim. "People have mobile phones and it's so easy to play games on smartphones," he explained. "And many games on smartphones are free, or free to start."

He continued:

"I myself am a huge fan of PlayStation Vita and we worked really hard on designing every aspect. Touch-based games are fun—there are many games with really good design. But having sticks and buttons make things totally different. So I hope, like many of you, that this culture of playing portable games continues but the climate is not healthy for now because of the huge dominance of mobile gaming."

There you have it, folks. Before you start crying a million nerd tears, peep our most anticipated movies for fall 2015. The world is not completely grim, people!